Ethereum Classic ETC/USD is trading at 16.50. 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 near the area of 18.50 is expected to be tested, from which it is expected to attempt a rebound and continue falling with the target near the level of 10.50.
Ethereum Classic forecast & analysis on March 14, 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 the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 22.00, 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.