Ethereum Classic ETC/USD is trading at the level of 18.75. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the area of 18.50, from which it is expected to attempt a rebound and continue growth with the target near the 23.00 level.
Ethereum Classic forecast & analysis April 27, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 20.50.
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 area of 17.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of ETC/USD is with the breakdown of the resistance area and the closing above the level of 21.00.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
