Ethereum Classic ETC/USD is trading at 10.98. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. A test of the lower boundary of the Cloud of the indicator near the level of 11.20 is expected, from which it is expected to attempt a rebound and further fall with the target near the level of 7.80. An additional signal in favor of the fall of the crypto currency will be the test of the upper boundary of the bearish channel.
Ethereum Classic forecast & analysis on September 22, 2017
Earlier, a weak signal was received for the buying of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 11.10. The cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 12.60, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall of ETC/USD is worth a breakdown of the level of 9.50.
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