Ethereum Classic ETC/USD is trading at the level of 12.25. 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 Ichimoku Kinko Hyo Cloud is expected near the level of 12.30, from where it is expected to attempt a rebound and further fall with the target near the level of 11.30. An additional signal in favor of the fall is the resistance level test.
Ethereum Classic forecast & analysis on October 9, 2017
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 12.15. The 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 close above the area of 12.75, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD is at the level breakdown of 11.50.
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