Ethereum Classic ETC/USD is traded at the level of 18.05. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test near the area of 19.50, from which it is expected to attempt a rebound and continue falling with the target near the level of 11.50.
Ethereum Classic forecast & analysis on March 13, 2018
An additional signal in favor of the fall will be the test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 31.90.
The cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a closing above the area of 23.00, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETC/USD is with the breakdown of the support area and closing below the level of 15.00.
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