Ethereum Classic ETC/USD is trading at 11.79. 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 11.80, from which it is expected to attempt a rebound and further fall with the target near the level of 10.85. An additional signal in favor of the fall will be the test of the upper boundary of the bearish channel.
Ethereum Classic prediction & analysis on October 10, 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 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 12.75, indicating a 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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