Ethereum Classic forecast & analysis April 18, 2018


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.

Ethereum Classic forecast & analysis April 18, 2018

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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