Ethereum Classic ETC/USD is trading at the level of 13.87. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The growth of quotations of ETC/USD to the level of 14.40 is expected, from which one should expect an attempt to fall and further develop the bearish trend with the target of lowering near the level of 12.50.
Ethereum Classic forecast & analysis on August 15, 2017
Earlier, we received a weak signal for sales of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 15.40. The cancellation of the drop in Ethereum Classic quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 15.20, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations on ETC/USD stands with the breakdown of the local minimum area at the level of 12.80.
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