Ethereum Classic forecast & analysis on January 5, 2018


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Ethereum Classic ETC/USD is trading at the level of 28.52. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The test area of ​​Ichimoku Kinko Hyo signal lines is expected near 27.00, from where it is expected to attempt a rebound and continue growth with the target near level 34.25.

Ethereum Classic forecast & analysis on January 5, 2018

Ethereum Classic forecast & analysis on January 5, 2018

An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. 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 worth a breakdown level of 30.50.

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