Ethereum Classic ETC/USD is trading at the level of 13.70. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the area of 14.30, from which one should expect a rebound attempt and continue falling with the target near the level of 11.50.
Ethereum Classic forecast & analysis April 5, 2018
An additional signal in favor of the fall is the resistance level test. Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 14.20.
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 16.00 area, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall of ETC/USD is with the breakdown of the support area and closing below the level of 13.00.