Ethereum Classic ETC/USD completes the trading week near the area of 16.42. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. A test of the upper limit is expected. Ichimoku Kinko Hyo indicator cloud near the level of 17.00, from which it is expected to attempt a rebound and further fall with the target near the level of 14.70.
Ethereum Classic weekly forecast on September 4 — 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 14.65. The cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 17.90, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the decline in quotes ETC/USD stands with the breakdown of the bottom of the Cloud of the indicator and the closing of quotations below the level of 13.10.
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