Ethereum Classic ETC/USD completes the trading week near the area of 9.89. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test area of Ichimoku Kinko Hyo signal lines near the level of 10.90 is expected, from which it is expected to attempt a rebound and further fall with the target near the level of 6.85.
Ethereum Classic forecast on October 23 — 27, 2017
An additional signal in favor of falling quotations of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, by crossing the signal lines at 12.00. The cancellation of the drop in Ethereum Classic quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the 16.35 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD is worth a breakdown of the support level and closing below 8.75.
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