Ethereum Classic ETC/USD is trading at the level of 30.90. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud upper test is expected near the area of 30.30, from which one should expect a rebound attempt and continue growth with the target near the level of 36.50.
Ethereum Classic forecast & analysis on February 22, 2018
Earlier, a strong signal was received for buy of the Ethereum Classic cryptocurrency, by crossing the signal lines at the level of 29.50. Cancellation of the growth scenario of quotations Ethereum Classic will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with a close below the area of 25.50, which indicates the change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with a breakdown of the level of 40.00.
It is not necessary to exclude the attempt to form the reversal model «Head and Shoulders». In this case, after the test level of 36.50, you should expect the beginning of the fall of quotations in the area below the level of 17.50. Canceling the model will break through the level of 41.00.
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