Ethereum Classic forecast & analysis April 8, 2018


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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.

Ethereum Classic forecast & analysis April 8, 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 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.


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