Ethereum Classic ETC/USD is trading at the level of 14.86. The Cloud of Ichimoku Kinko Hyo broke through the Crypto currency and began to trade above its upper limit, which indicates an bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test near the level of 14.50, from which it is expected to try to grow and further develop the bullish trend with the target of rising near the level of 17.20.
Ethereum Classic prediction & analysis on August 5, 2017
Earlier, a weak signal was received for purchases 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 quotes below the area of 13.20, which will indicate the change of 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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