Ethereum Classic ETC/USD is trading at the level of 16.29. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the area at 18.00, from where it is worth to expect a rebound attempt and continue falling with the target near the level of 13.00.
Ethereum Classic forecast & analysis on March 27, 2018
An additional signal in favor of the fall will be a test of the support area. Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at 19.00.
Cancellation option Ethereum Classic quotations fall will sample cloud tops Ichimoku Kinko Hyo with closing above 19.50 area, which will indicate the change bearish trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD is with the breakdown of the bottom of the channel and closing below the level of 15.50.