Ethereum Classic ETC/USD is trading at 13.65. 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 15.50 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 6.50. An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Ethereum Classic forecast & analysis on February 6, 2018
Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the intersection 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 23.50, which indicates a change in the bearish 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 channel and the closing below the level of 11.50.
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