Ethereum Classic ETC/USD is trading at the level of 20.74. 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 of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the area of 20.00, from which one should expect a rebound attempt and continue growth with the aim near the level of 25.00.
Ethereum Classic forecast & analysis April 28, 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 18.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of ETC/USD is the breakdown of the upper limit of the model «Triangle» and closing above the level of 22.00.
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