Ethereum Classic ETC/USD is trading at the level of 16.63. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The test area of the Ichimoku Kinko Hyo signal lines is expected near the area at 17.00, from which it is expected to attempt a rebound and continue falling with the aim near the level of 14.00.
Ethereum Classic forecast & analysis on March 28, 2018
An additional signal in favor of the fall will be the test of the lower boundary of the bullish channel. Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at 19.00.
Cancellation option Ethereum Classic quotations fall will sample cloud tops Ichimoku Kinko Hyo with closing above 19.50 area, which will indicate the change bearish trend in favor of the bullish trend. Expect to accelerate the fall of ETC/USD is with the breakdown of the support area and closing below the level of 15.00.