Ethereum Classic forecast & analysis May 8, 2018


Ethereum Classic ETC/USD is trading at 23.53. 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 ​​the Ichimoku Kinko Hyo signal lines is expected near the area of ​​23.00, from which it is expected to attempt a rebound and continue growth with the aim near the level of 28.00.

Ethereum Classic forecast & analysis May 8, 2018

An additional signal in favor of the growth of the cryptocurrency will be the upper bound of the «Triangle» model. 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.

Ethereum Classic forecast & analysis May 8, 2018

The cancellation of the growth scenario for Ethereum Classic quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of ​​21.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of ETC/USD is with a breakdown of the resistance area and closing above the level of 25.50.


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