Ethereum Classic weekly forecast on March 12 — 16, 2018


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Ethereum Classic ETC/USD completes the trading week near the area on 18.08. 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 near the level of 23.50, from which it is expected to attempt a rebound and further fall of quotations with a target near the level of 10.50.

Ethereum Classic weekly forecast on March 12 — 16, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at 27.50.

Ethereum Classic weekly forecast on March 12 — 16, 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 ​​28.50, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETC/USD is with the breakdown of the support area and closing below the level of 14.80.


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