Ethereum Classic ETC/USD is trading at 18.02. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. A test of the lower boundary of the Cloud of the indicator near the level of 18.70 is expected, from which it is expected to attempt a rebound and further fall with a target near the level of 14.95.
Ethereum Classic forecast & analysis on September 8, 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 17.85. The cancellation of the drop in Ethereum Classic quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 19.70, indicating a bearish trend in favor of the bullish trend. To expect the acceleration of the fall of ETC/USD is with the breakdown of the support level and the closing of quotes below the area of 16.00.
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