Ethereum Classic ETC/USD completes the trading week near the area of 22.03. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. The test of the lower border of the rising channel is expected near the level of 19.30, from which one should expect a rebound attempt and further growth with the target near the level of 28.00.
Ethereum Classic forecast December January 1 — 5, 2017
An additional signal for the growth of the cryptocurrency will be the formation of the bullish «Wolfe Wave» model with the target of growth at 35.00. Earlier, we received a weak signal for sales of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 29.50. The cancellation of the growth scenario for Ethereum Classic quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 17.50, indicating a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with the breakdown of the upper boundary of the Cloud of the indicator and the closing above the level of 30.50.
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