Ethereum Classic forecast & analysis April 7, 2018


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Ethereum Classic ETC/USD is trading at 13.06. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the area of ​​13.80, from which it is expected to attempt a rebound and continue falling with the target near the level of 11.00.

Ethereum Classic forecast & analysis April 7, 2018

An additional signal in favor of the fall will be the test of the upper boundary of the bearish channel. Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 14.20.

Ethereum Classic forecast & analysis April 7, 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 15.00 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.

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