Ethereum Classic ETC/USD is trading at the level of 21.61. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The Ichimoku Kinko Hyo upper boundary test is expected near the area of 19.60, from which it is expected to attempt a rebound and continue growth with the target near the level of 27.50.
Ethereum Classic forecast & analysis on February 11, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing of signal lines at level 16.50.
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 14.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations ETC/USD stands with a breakdown of the resistance level and closing above the area of 22.70.
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