Ethereum Classic ETC/USD is trading at the level of 23.74. 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 Ichimoku Kinko Hyo Cloud is expected near the area of 25.50, from which it is expected to attempt a rebound and continue falling with the target near the level of 15.70.
Ethereum Classic forecast & analysis on January 24, 2018
Earlier, a medium strength signal was received for the sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 28.50. 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 32.00 area, which will indicate 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 of the level of 22.00.
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