Ethereum Classic ETC/USD is trading at 23.80. 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 area of 25.50, from which it is expected to attempt a rebound and continue the fall with a target near the level of 18.55.
Ethereum Classic forecast & analysis on February 1, 2018
Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 27.00. The cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 29.00, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD is with a breakdown of the level of support and closing below the level of 22.00.
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