Ethereum Classic ETC/USD is trading at 32.94. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to be tested near the area of 31.50, from which it is expected to attempt a rebound and continue growth with the target near the 39.00 level.
Ethereum Classic forecast & analysis on February 24, 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 growth scenario for Ethereum Classic quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 29.00, 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 the breakdown of the resistance area and the closing above the level of 39.50.
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