Ethereum Classic forecast & analysis on December 11, 2017


Ethereum Classic ETC/USD is trading at the level of 26.11. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. A test of the broken boundary of the Ichimoku Kinko Hyo Cloud is expected near 26.80, from which one should expect a rebound attempt and continue falling with the target near the level of 22.50.

Ethereum Classic forecast & analysis on December 11, 2017

Ethereum Classic forecast & analysis on December 11, 2017

Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 26.10. 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 ​​27.50, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETC/USD is with the breakdown of the lower limit of the model «Triangle» and closing below the level of 21.00.


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