Ethereum Classic ETC/USD is trading at 28.30. 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 Cloud upper test is expected near the area of 27.50, from which it is expected to attempt a rebound and continue falling with the target close to level 34.50. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Ethereum Classic forecast & analysis on January 30, 2018
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 23.50. The cancellation of the growth scenario for Ethereum Classic quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a closing below the area of 23.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 31.55.
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