ETC/EUR has broken major support 1.5400 and declined till 1.42300 levels (KRAKEN). It is currently trading around 1.69970 at the time of writing.

Ichimoku analysis of hourly chart shows:

Tenkan-Sen level: 1.5765

Kijun-Sen level: 1.6014

Trend reversal level - (90 EMA)-1.7879

Short-term trend remains to be bearish. The pair is trading slightly above hourly Tenken-Sen and Kijun-Sen. But it should break above 90 H EMA for further bullishness.

Any violation above 1.7880 will take the pair to next level till 1.8450 (100 day MA)/ 2.10 (200 HMA). The minor resistance is at 1.7300. On the lower side minor support is around 1.423 and any break below targets 1.40 (Jul 31st low) /1.3865 (Jul 30th low).