Ethereum Classic ETC/USD is trading at 25.22. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test the bottom of the Cloud near 24.40, whence expect a rebound attempt and continue falling with the target near the level of 28.00.
Ethereum Classic forecast & analysis on January 2, 2018
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing the signal lines at the level of 22.50. 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 22.50, indicating a change in the flat trend in favor of the bearish one. Expect an acceleration in the growth of quotations ETC/USD is with a breakdown of the resistance level and closing above 29.60.