Ethereum Classic ETC/USD is trading at 38.33. 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 37.00, from which it is expected to attempt a rebound and continue growth with the target near the level of 45.50.
Ethereum Classic forecast & analysis on January 16, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. 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 close below the area of 32.50, which indicates a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD is with a breakdown of the resistance level and closing above 42.00.
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