Ethereum Classic ETC/USD is trading at 25.01. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test near the area of 26.50, from which it is expected to attempt a rebound and continue falling with the target near the level of 18.60. An additional signal in favor of the fall of the cryptocurrency will be a resistance level test.
Ethereum Classic forecast & analysis on January 27, 2018
Earlier, a strong signal was received for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 26.40. 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 31.50, 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 the breakdown of the lower limit of the model «Triangle» and closing below the level of 22.00.
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