Ethereum Classic ETC/USD is trading at 21.42. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test of the lower boundary of Ichimoku Kinko Hyo Cloud is expected near the area of 22.50, from which one should expect a rebound attempt and continue falling with the aim near the level of 18.00.
Ethereum Classic forecast & analysis May 10, 2018
An additional signal in favor of the fall of the crypto currency will be a resistance level test. Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 23.50.
The cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 24.50, 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 bottom of the bullish channel and closing below the level of 20.00.
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