Ethereum Classic ETC/USD is trading at 16.57. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Ethereum Classic. The test area of Ichimoku Kinko Hyo signal lines is expected near the area at 16.00, from which it is expected to attempt a rebound and continue growth with the aim near the level of 18.50.
Ethereum Classic forecast & analysis April 16, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel, as well as a test of the support level. 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 of Ethereum Classic quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 14.50, which indicates a change in the bullish trend in favor of the bearish trend. Expect to accelerate growth ETC/USD stands with a breakdown of the resistance area and closing above the level of 17.50.
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