Ethereum Classic ETC/USD is trading at the level of 28.25. 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 test the upper boundary near 28.00, whence expect a rebound attempt and continue growth with the target near level 34.20. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Ethereum Classic forecast & analysis on January 9, 2018
Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 30.20. Cancellation of the growth scenario of quotations Ethereum Classic will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with a close below the area of 25.50, which indicates the change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETC/USD is worth a breakdown level of 30.50.