Ethereum Classic ETC/USD is traded at the level of 28.09. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud upper test is expected near the area at 31.00, from where it will be expected to attempt a rebound and continue falling with a target near the level of 19.60. An additional signal in favor of the fall is the resistance level test.
Ethereum Classic forecast & analysis on February 23, 2018
Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 32.50. The cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 35.50, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the decline in quotes ETC/USD stands with the breakdown of the lower boundary of the Cloud of the indicator and closed below the level of 23.50.
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