Ethereum Classic ETC/USD is trading at 21.57. 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 is expected near 22.10, from which it is expected to attempt a rebound and continue falling with the target near the level of 14.50. An additional signal in favor of the fall of the cryptocurrency is the lower bound of the «Triangle» model.
Ethereum Classic forecast & analysis on January 1, 2018
Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, by crossing the signal lines at 23.30. 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 27.30, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the decline in quotes ETC/USD is with the breakdown of the level of support and closing below the level of 19.00.
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