Ethereum Classic ETC/USD completes the trading week near the area of 10.16. 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 is near the level of 13.00, from which it is expected to attempt a rebound and further fall with a target near the level of 6.50. An additional signal in favor of falling of the quotes of the cryptocurrency will be a test of the resistance area.
Ethereum Classic weekly forecast on September 25 — 29, 2017
Earlier, we received a weak signal for sales of the Ethereum Classic cryptocurrency, due to the crossing of signal lines at level 16.50. 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 16.50, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD is with the breakdown of the level of 9.00.
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