Ethereum Classic ETC/USD is trading at the level of 14.03. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud upper test is expected near the area of 14.20, 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 April 12, 2018
An additional signal in favor of the fall is the upper bound of the «Triangle» model. Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 13.60.
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 14.50, which indicates a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD is with the breakdown of the lower limit of the model «Triangle» and closing below the level of 13.00.
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