Ethereum Classic forecast & analysis April 5, 2018


Recommended Broker

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.

Ethereum Classic forecast & analysis April 5, 2018

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.


Join our Telegram Channel

Post Comment