Ethereum Classic forecast & analysis on March 6, 2018


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Ethereum Classic ETC/USD is trading at the level of 24.88. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test area of ​​Ichimoku Kinko Hyo signal lines near the area of ​​26.50 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 19.50.

Ethereum Classic forecast & analysis on March 6, 2018

An additional signal in favor of the fall is the resistance level test. 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.

Ethereum Classic forecast & analysis on March 6, 2018

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 ​​31.50, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the decline in quotes ETC/USD is with the breakdown of the support area and the closure below the level of 24.00.


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