Ethereum Classic ETC/USD completes the trading week near the area of 16.81. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. Ichimoku Kinko Hyo signal line area test is near the level of 18.50, from which it is expected to attempt a rebound and further fall with a target near the level of 9.45. Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 31.30.
Ethereum Classic forecast February 5 — 9, 2018
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, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETC/USD is worth a breakdown of the support level and closing below the area of 13.00.
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