Ethereum Classic ETC/USD is trading at 17.50. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test the lower boundary near the area at 18.00, from which it is expected to attempt a rebound and continue the fall with a target near the level of 13.50.
Ethereum Classic forecast & analysis May 20, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. 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.
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 20.00, 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 lower boundary of the model «Triangle» and closing below the level of 16.00.