Ethereum Classic ETC/USD is trading at 24.94. 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 of the lower boundary of Ichimoku Kinko Hyo Cloud is expected near the area of 25.50, from which one should expect a rebound attempt and continue falling with the aim near the 16.00 level.
Ethereum Classic forecast & analysis on January 23, 2018
Earlier, a medium strength signal was received for the sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 28.50. 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 32.50, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations ETC/USD stands with a breakdown of 23.50 level.
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