Ethereum Classic ETC/USD is trading at 28.04. 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 the Ichimoku Kinko Hyo Cloud is expected near the area of 29.00, from where one should expect a rebound attempt and continue falling with the target near the level of 21.00.
Ethereum Classic forecast & analysis on January 22, 2018
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at 27.50. The cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 34.50, 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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