Ethereum Classic ETC/USD is trading at the level of 29.98. 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 near 27.80 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 36.55.
Ethereum Classic forecast & analysis on January 6, 2018
An additional signal in favor of the growth of the crypto currency 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 the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the 24.30 area, which will indicate a shift in the bullish trend in favor of the downward trend. Expect to accelerate the growth of quotations ETC/USD stands with a breakdown at 34.30.