Ethereum Classic ETC/USD is trading at 31.28. 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 area of Ichimoku Kinko Hyo signal lines near the area of 29.50 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 38.50. An additional signal in favor of the growth of the cryptocurrency will be the test of the support area.
Ethereum Classic forecast & analysis on February 18, 2018
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to the intersection of signal lines at level 16.50. 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 22.40, indicating a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with the breakdown of the upper limit of the model «Flag» and the closing above the level of 32.50.
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