Ethereum Classic ETC/USD completes the trading week near the area of 12.14. 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 indicator area signal line test is near the level of 13.20, from which it is expected to attempt a rebound and further fall with a target near the level of 8.50.
Ethereum Classic weekly forecast on October 9 — 13, 2017
An additional signal in favor of falling quotations of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 12.20. 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 the acceleration of the fall in quotes ETC/USD is at the breakdown of the level of 9.20.
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