Ethereum Classic forecast & analysis April 23, 2018


Ethereum Classic ETC/USD is trading at the level of 19.06. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The test area of ​​the Ichimoku Kinko Hyo signal lines is expected near the area of ​​18.20, from which it is expected to attempt a rebound and continue growth with the aim near the level of 22.00.

Ethereum Classic forecast & analysis April 23, 2018

An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. Earlier, a medium strength signal was received for buy of the Ethereum Classic, by crossing the signal lines at the level of 13.70.

Ethereum Classic forecast & analysis April 23, 2018

The cancellation of the growth scenario for Ethereum Classic quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the 16.50 area, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of ETC/USD is with the breakdown of the upper limit of the model «Triangle» and closing above the level of 20.00.


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