Ethereum Classic ETC/USD is traded at the level of 14.10. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 14.20, from which it is expected to try to fall and further develop the bearish trend with the aim of lowering near the level of 12.60.
Ethereum Classic forecast & analysis on August 21, 2017
Earlier, a weak signal was received for buying of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 13.60. 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 quotations above the area of 14.70, 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 12.90.
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