Ethereum Classic forecast & analysis May 18, 2018


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Ethereum Classic ETC/USD is trading at the level of 17.82. 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 the Ichimoku Kinko Hyo Cloud is expected near the area of ​​18.00, from which one should expect a rebound attempt and continue falling with the target near the level of 14.00.

Ethereum Classic forecast & analysis May 18, 2018

An additional signal in favor of the fall of the cryptocurrency will be a resistance level test, as well as the formation of the «Head and Shoulders» model. Earlier, a strong signal was received for the sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at 18.00.

Ethereum Classic forecast & analysis May 18, 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 ​​21.50, 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 16.50.


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