Ethereum Classic ETC/USD is trading at the level of 15.21. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The test area of the Ichimoku Kinko Hyo signal lines near the area of 15.50 is expected, from which it is expected to attempt a rebound and continue the fall with the target near the level of 13.00.
Ethereum Classic forecast & analysis on March 30, 2018
An additional signal in favor of the fall will be the test of the upper boundary of the bearish channel, as well as the test of the resistance region. Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at 19.00.
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 close above the area of 18.50, which indicates a change in the bearish trend in favor of the ascending trend. Expect to accelerate the fall of ETC/USD is with the breakdown of the support area and closing below the level of 14.50.