Ethereum Classic ETC/USD is trading at the level of 11.14. 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 is expected near the level of 11.45, from which it is expected to attempt a rebound and further fall with a target near the level of 9.90. An additional signal in favor of the fall of the cryptocurrency will come from the upper channel test.
Ethereum Classic prediction & analysis on October 20, 2017
Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 11.65. 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 12.10, 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 10.65.
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