Ethereum Classic ETC/USD is trading at the level of 20.97. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test area of Ichimoku Kinko Hyo signal lines near the area of 23.50 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 12.70. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
Ethereum Classic forecast & analysis on February 4, 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 the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 27.50, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD stands with a breakdown of the lower boundary of the descending channel and closing below the level of 13.00.
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