Ethereum Classic ETC/USD is traded at the level of 31.01. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud Upgrade Test is expected near the area of 32.00, from which it is expected to attempt a rebound and continue falling with the target near the level of 26.00. 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 January 29, 2018
Earlier, a weak signal was received for purchases of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 28.00. 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 32.50, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 27.50.
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