Ethereum Classic ETC/USD is trading at 28.60. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. A test of the broken boundary of the Ichimoku Kinko Hyo Cloud near 27.60 is expected, from which we should expect a rebound attempt and continue growth with the target near the level of 32.50.
Ethereum Classic forecast & analysis on January 3, 2018
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing the signal lines at the level of 22.50. 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 22.50, indicating a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD is at breakdown level of 29.70.