Ethereum Classic ETC/USD is trading at the level of 15.24. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 14.40, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 17.20.
Ethereum Classic forecast & analysis on August 7, 2017
Earlier, a weak signal was received for buying of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 13.61. Cancellation of the growth scenario of quotations Ethereum Classic will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotations below the area of 13.50, which indicates the change in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of quotations on ETC/USD stands with the breakdown of the local maximum area at 16.60.
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