Ethereum Classic ETC/USD is trading at the level of 15.77. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo indicator area signal lines are expected to be near the level of 15.45, from which one should expect a rebound attempt and further growth with the aim near the 17.00 level.
Ethereum Classic forecast & analysis on September 1, 2017
An additional signal in favor of the growth of quotations of cryptocurrency will be the test of the lower bound of the Triangle model. Earlier, a strong signal was received for buying of the Ethereum Classic cryptocurrency, by crossing the signal lines at the level of 15.45. The cancellation of the growth scenario for Ethereum Classic quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 14.60, which indicates a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of ETC/USD is the breakdown of the upper limit of the Triangle model and the closing of quotes above the level of 16.30.
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