Ethereum Classic ETC/USD is trading at the level of 12.23. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. It is expected to test the area of signal lines of the indicator near the level of 13.05, from which it is expected to attempt a rebound and further fall with a target near the level of 9.50. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area.
Earlier, a strong signal was received for sales of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 17.25. The 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 16.40 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD with a breakdown of level 11.10.
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