Ethereum Classic ETC/USD is trading at the level of 13.24. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The test area of the signal lines is expected. The Ichimoku Kinko Hyo cloud near the level of 13.75, from where it is expected to attempt a rebound and a fall with a target near the level of 12.00. In favor of the rebound is the test of the support area.
Ethereum Classic forecast & analysis on August 17, 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. Cancellation of the growth scenario of quotations Ethereum Classic will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 14.60, which indicates a change in the flat trend in favor of an bullish. Expect to accelerate the fall in quotes ETC/USD is with a breakdown of the support level and closing below 12.70.
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