Ethereum Classic ETC/USD is trading at the level of 22.04. 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 of the lower boundary of Ichimoku Kinko Hyo Cloud is expected near the area of 21.50, 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 9, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. Earlier, a weak signal was received for the sell of the Ethereum Classic cryptocurrency, by crossing the signal lines at 23.50.
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 24.50.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
