Ethereum Classic forecast and analysis on 22 Aug 2018

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Ethereum Classic forecast and analysis on 22 Aug 2018

Cryptocurrency Ethereum ETC Classic/USD is trading at 12.44. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward side trend for Ethereum Classic. Expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the area of 13.00, where we can expect attempt to rebound and continue to fall cryptocurrency with the aim to near the level of 9.00.

Ethereum Classic forecast and analysis on 22 Aug 2018

Additional signal in favor of reducing cryptocurrencies ETC/USD will perform the test of resistance. Was previously received signal average strength for sales of Ethereum cryptocurrency Classic, due to the intersection of the signal lines at the level of 13.50.

The cancellation option drop in prices of Ethereum Classic is the break of the upper border of the Ichimoku Kinko Hyo Cloud with a close above 15.00, which will point to a change in the downward trend in favor of a rising trend and continued growth of the cryptocurrency. To expect acceleration of falling of quotations ETC/USD is a breakout of the support area and closing below the 11.00 level.

Thus, Ethereum Classic forecast and analysis on August 22, 2018 involves the attempt to develop correction cryptocurrency and test at 13.00, where we can expect further rate fall Ethereum Classic with a potential target near the level of 9.00, lifting the drop option will be the growth and breakdown region 15.00.

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