Ethereum Classic forecast & analysis on March 29, 2018


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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.

Ethereum Classic forecast & analysis on March 29, 2018

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.

Ethereum Classic forecast & analysis on March 29, 2018


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