Ethereum Classic ETC/USD is trading at 16.64. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud test is expected near the area of 15.50, from which it is expected to attempt a rebound and continue growth with the target near the level of 21.00.
Ethereum Classic forecast & analysis on March 21, 2018
An additional signal in favor of growth will be a test of the support level, as well as a test of the upper boundary of the bearish channel. Earlier, a weak strength signal was obtained for buy of the Ethereum Classic cryptocurrency, by crossing the signal lines at the level of 13.50.
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 12.80, indicating a change in the flat trend in favor of a bearish trend. Expect the acceleration of the decline in ETC/USD growth with the breakdown of the Ichimoku Kinko Hyo Cloud upper boundary and the closing of all levels at 17.50, which will indicate the resumption of the bullish trend.
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