Ethereum Classic ETC/USD completes the trading week near the area of 12.62. 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 signal line test is expected near the level of 13.30, from which it is expected to attempt a rebound and further fall with the target near the level of 7.25.
Ethereum Classic weekly forecast on October 2 — 6, 2017
An additional signal in favor of falling of the quotes of the cryptocurrency will be a test of the resistance area. Earlier, we received a weak signal for sell 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 the acceleration of the fall in quotes ETC/USD is at the breakdown of the level of 9.20.