Ethereum Classic ETC/USD is trading at the level of 11.77. 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 lower boundary is expected. Ichimoku Kinko Hyo indicator cloud near the level of 12.00, from where it is expected to attempt a rebound and further fall with a target near the level of 10.40. An additional signal in favor of the fall of the cryptocurrency will come from the upper channel test.
Ethereum Classic prediction & analysis on October 13, 2017
Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 11.90. 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 12.25 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD is with the breakdown of the level of 10.70.