Ethereum Classic ETC/USD is trading at 22.98. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The test area of Ichimoku Kinko Hyo signal lines is expected near the area at 22.00, from which it is expected to attempt a rebound and continue growth with the aim near the level of 26.00.
Ethereum Classic forecast & analysis May 6, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a strong signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 21.00.
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 area of 20.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of ETC/USD is with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 23.50.
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