Ethereum Classic ETC/USD is trading at 11.20. 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 indicator signal lines near the level of 11.50 is expected, from which it is expected to attempt a rebound and further fall with the target near the level of 10.00. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area.
Ethereum Classic prediction & analysis on October 12, 2017
Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 11.90. 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 12.25 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD is with the breakdown of the level of 10.70.
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