Ethereum Classic ETC/USD is trading at the level of 29.21. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near 30.50 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 19.60.
Ethereum Classic forecast & analysis on January 17, 2018
An additional signal in favor of the fall of the crypto currency will be a test of the lower border of the channel. Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of signal lines at 34.50. 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 35.50, 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 at 25.50 level.
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