Ethereum Classic ETC/USD completes the trading week near the area of 21.58. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test area of the Ichimoku Kinko Hyo signal lines near the level of 22.80 is expected, from which it is expected to attempt a rebound and further fall with a target near the level of 10.50. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel.
Ethereum Classic forecast on February 12 — 16, 2018
Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 31.30. 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 area of 31.00, which indicates a change in the bearish trend in favor of the bullish trend. To expect the acceleration of the decline in quotes ETC/USD is worth a breakdown of the support level and closing below the area of 15.00.