Ethereum Classic ETC/USD completes the trading week near the 11.52 area. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. Ichimoku Kinko Hyo lower limit test is expected near the level of 13.40, from which it is expected to attempt a rebound and further fall with the target near the level of 7.90. An additional signal in favor of falling quotations of the cryptocurrency will be a resistance level test.
Ethereum Classic weekly forecast on October 16 — 20, 2017
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 area of 15.80, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes ETC/USD is at the breakdown of the level of 9.20.
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