Ethereum Classic ETC/USD is trading at the level of 15.09. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test the upper boundary near the area of 14.30, from which it is expected to attempt a rebound and continue growth with the aim near the 17.00 level.
Ethereum Classic forecast & analysis April 13, 2018
An additional signal in favor of growth will test the upper limit of the model «Triangle». Earlier, a medium strength signal was received for buy of the Ethereum Classic cryptocurrency, by crossing the signal lines at the level of 13.70.
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 13.50, 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 a breakdown of the resistance area and closing above the level of 15.50.