Ethereum Classic ETC/USD is trading at 18.37. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The test area of the Ichimoku Kinko Hyo signal lines is expected near the area of 18.00, from which it is expected to attempt a rebound and continue growth with the target near the level of 21.00.
Ethereum Classic forecast & analysis April 22, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the uplink, as well as 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 16.00 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 with a breakdown of the upper boundary of the bullish channel and closing above the level of 20.50.
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