Ethereum Classic ETC/USD is trading at the level of 19.08. 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 is expected to test the upper boundary near area 18.20, from which it is worth to expect a rebound attempt and continue growth with the aim near the level of 22.00.
Ethereum Classic forecast & analysis on March 25, 2018
An additional signal in favor of growth is the support area test. Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 13.50.
The cancellation of the growth scenario for Ethereum Classic quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the 16.00 area, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of ETC/USD is with the breakdown of the resistance area and the closing above the level of 21.00.
An additional signal in favor of the growth of the Ethereum Classic cryptocurrency is the formation of the «Head and Shoulders» reversal model. In this case, we should expect a test of the area of 18.50 and an attempt to grow into the area above the level of 22.50 as part of the model’s development. The breakdown will be the breakdown of the area 17.80.
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