Ethereum Classic ETC/USD is trading at the level of 25.36. 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 the Ichimoku Kinko Hyo Cloud is expected near the area of 26.20, from which one should expect a rebound attempt and continue the fall with the aim near the level of 20.30. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
Ethereum Classic forecast & analysis on January 26, 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.
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 32.00 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD is worth a breakdown of the level of 22.00.
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