Ethereum Classic ETC/USD completes the trading week near the area of 15.08. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The test of the lower boundary is expected. The Ichimoku Kinko Hyo indicator cloud near the level of 15.10, where we can expect a rebound attempt and further fall with the target near the level of 11.05.
Ethereum Classic forecast on August 28 — September 1, 2017
Earlier, a strong signal was received for sales of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 15.10. 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 16.70, indicating a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETC/USD stands with a breakdown of level 12.50.
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