Ethereum Classic ETC/USD is trading at 16.49. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud upper test is expected near the area of 15.60, from which it is expected to attempt a rebound and continue growth with the target near the level of 18.50.
Ethereum Classic forecast & analysis April 18, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a medium strength signal was received for buy of the Ethereum Classic, 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 15.00 area, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of ETC/USD is the breakdown of the upper limit of the model «Triangle» and closing above the level of 17.00.
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