Ethereum Classic ETC/USD is trading at 28.80. 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 area of Ichimoku Kinko Hyo signal lines near the area of 29.50 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 20.90.
Ethereum Classic forecast & analysis on January 19, 2018
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 the acceleration of the fall in quotations ETC/USD stands with a breakdown of 23.50 level.
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