Ethereum Classic ETC/USD is traded at the level of 31.05. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates 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 31.50, from where one should expect a rebound attempt and continue falling with the target near the level of 23.00.
Ethereum Classic forecast & analysis on March 1, 2018
Earlier, a medium strength signal was received for buy of the Ethereum Classic cryptocurrency, by crossing the signal lines at the level of 31.50. 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 area of 35.00, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the decline in quotes ETC/USD is with the breakdown of the support area and closing below the level of 25.50.
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