Ethereum Classic ETC/USD is trading at the level of 26.15. 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 upper limit test is expected near the area of 27.50, from which it is expected to attempt a rebound and continue falling with a target near the level of 19.65.
Ethereum Classic forecast & analysis on January 31, 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 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 31.00, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotes ETC/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 24.00.
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