Ethereum Classic forecast & analysis April 4, 2018


Ethereum Classic ETC/USD is trading at the level of 14.93. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the area of ​​15.50, from which it is expected to attempt a rebound and continue falling with the aim near the level of 12.00.

Ethereum Classic forecast & analysis April 4, 2018

An additional signal in favor of the fall is the resistance level test. Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 14.20.

Ethereum Classic forecast & analysis April 4, 2018

The cancellation of the drop in Ethereum Classic quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the 16.50 area, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the fall of ETC/USD is with the breakdown of the support area and the closing below the level of 12.50.


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