Ethereum Classic ETC/USD is trading at the level of 30.90. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to be tested near the area of 32.00, from which it is expected to attempt a rebound and continue falling with the target near the level of 22.00. An additional signal in favor of the fall will be the test of the lower boundary of the bullish channel.
Ethereum Classic forecast & analysis on February 26, 2018
Earlier, a medium strength signal was received for buy of the Ethereum Classic cryptocurrency, by crossing the signal lines at level 31.50. 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 below the area of 35.00, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETC/USD is with the breakdown of the support area and closing below the level of 25.50.
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