Ethereum Classic ETC/USD completes the trading week near the area of 31.60. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to be tested near the level of 28.00, from which it is expected to attempt a rebound and further growth with the target near the 40.00 level.
Ethereum Classic forecast January 29 — February 2, 2018
Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 31.30. 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 26.50, which indicates a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 35.00.
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