Ethereum Classic ETC/USD completes the trading week near the area of 30.22. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The test area of Ichimoku Kinko Hyo signal lines is expected near the level of 28.00, from which one should expect a rebound attempt and further growth with a target near the level of 38.50.
Ethereum Classic weekly forecast December 4 — 8, 2017
An additional signal for the growth of the cryptocurrency will be the test of the lower border of the uplink. Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 11.10. Cancellation of the growth scenario of quotations Ethereum Classic will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closure below the area of 21.00, which indicates the change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with a breakdown of the level of 33.00.