Ethereum Classic ETC/USD is trading at 41.40. 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 38.40, from which it is expected to attempt a rebound and continue growth with the target near the level of 50.00. An additional signal in favor of the growth of the cryptocurrency will be the test of the upper boundary of the bullish channel.
Ethereum Classic forecast & analysis on January 15, 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 the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closure below the area of 31.00, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETC/USD is with a breakdown of the resistance level and closing above 43.00.