Ethereum Classic ETC/USD is traded at the level of 31.20. 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 of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near 31.00, whence we should expect a rebound attempt and continue growth with the aim near the 39.30 level.
Ethereum Classic forecast & analysis on January 12, 2018
Earlier, a strong signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 30.20. 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 closing below the area of 27.50, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations ETC/USD is with a breakdown of the resistance level and closing above 36.50.