Ethereum Classic ETC/USD is trading at 21.50. 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 Ichimoku Kinko Hyo signal lines near the area of 20.50 is expected, from which it is expected to attempt a rebound and continue growth with the aim near the level of 24.00.
Ethereum Classic forecast & analysis April 25, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower border of the channel. 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 area of 17.50, which indicates a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of ETC/USD is with the breakdown of the resistance area and the closing above the level of 22.50.
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