Ethereum Classic ETC/USD is trading at the level of 11.50. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test of the lower boundary is expected. Ichimoku Kinko Hyo indicator cloud near the level of 12.00, from where it is expected to attempt a rebound and further fall with a target near the level of 9.90.
Ethereum Classic forecast & analysis on October 6, 2017
An additional signal in favor of the drop will be a test of the resistance level, as well as a test of the broken edge of the bullish channel. Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 12.65. Cancellation of the growth scenario of quotations Ethereum Classic will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a closing above the area of 12.70, which indicates the change of the bullish trend in favor of the bearish trend. Expect to accelerate the fall of ETC/USD is with the breakdown of level 11.00.
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