Ethereum Classic ETC/USD completes the trading week near the area of 25.93. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test near the level of 28.00, from which it is expected to attempt a rebound and further fall of quotations with a target near the level of 16.15.
Ethereum Classic weekly forecast March 5 — 9, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 20.50.
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 30.50, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the decline in quotes ETC/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the area of 19.50.
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