Ethereum Classic ETC/USD is trading at the level of 19.74. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. A test of the lower boundary of the channel near the area of 21.50 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 13.85.
Ethereum Classic forecast & analysis on January 18, 2018
Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to the intersection 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 32.50, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETC/USD is with a breakdown level of 18.50.
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