Ethereum Classic ETC/USD is trading at the level of 13.53. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test the lower boundary near the area at 14.00, whence we should expect a rebound attempt and continue falling with the target near the level of 11.50.
Ethereum Classic forecast & analysis April 8, 2018
An additional signal in favor of the fall is the upper bound of the «Triangle» model. Earlier, a strong signal was received for sales of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 14.20.
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 15.00 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD is with the breakdown of the lower limit of the model «Triangle» and closing below the level of 13.00.