Ethereum Classic ETC/USD is trading at 34.12. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The Ichimoku Kinko Hyo signal line area test is expected near 30.60, from which it is expected to attempt a rebound and continue growth with the target close to level 40.50.
Ethereum Classic forecast & analysis on January 14, 2018
Earlier, a strong signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 30.20. The cancellation of the growth scenario for Ethereum Classic quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 28.50, which indicates a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations ETC/USD is with a breakdown of the resistance level and closing above 36.50.