Ethereum Classic ETC/USD is trading at the level of 15.89. 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 Ichimoku Kinko Hyo signal lines near the area of 16.50 is expected, from which one should expect a rebound attempt and continue the fall with the aim near the level of 13.00.
Ethereum Classic forecast & analysis on March 29, 2018
An additional signal in favor of the fall will be a test of the upper boundary of the descending channel, as well as the formation of the «Head and Shoulders» model. Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at 19.00.
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 above the area of 18.50, which indicates a change in the 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.