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.
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.