Ethereum Classic ETC/USD is trading at the level of 13.95. Cryptocurrency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The growth of quotations of ETC/USD to the level of 14.60 is expected, from which one should expect an attempt to fall and further develop the bearish tendency with the target of reducing near the level of 11.10.
Ethereum Classic forecast & analysis on July 29, 2017
Earlier, a medium strength signal was received for sales of the Ethereum Classic cryptocurrency, due to the crossing of signal lines at the level of 15.76. The cancellation of the drop in Ethereum Classic quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 16.40, which indicates a change in the bearish trend in favor of the bullish. Expect the acceleration of falling quotations on ETC/USD is with the breakdown of the local minimum area at 12.00.
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