Ethereum Classic forecast & analysis April 9, 2018


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Ethereum Classic ETC/USD is trading at 14.13. 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 ​​14.30, from which one should expect a rebound attempt and continue falling with the target near the level of 11.50.

Ethereum Classic forecast & analysis April 9, 2018

An additional signal in favor of the fall is the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 14.00.

Ethereum Classic forecast & analysis April 9, 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 tend. 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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