Ethereum Classic ETC/USD is trading at the level of 14.24. 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 Ichimoku Kinko Hyo signal lines is expected near the area of 14.60, from which it is expected to attempt a rebound and continue falling with the target near the level of 12.00.
Ethereum Classic forecast & analysis March 31, 2018
An additional signal in favor of the fall will be the test of the upper boundary of the descending 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 17.50, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD is with the breakdown of the support area and closing below the level of 14.00.