Ethereum Classic ETC/USD is traded at the level of 14.00. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test near the level of 14.90, from which it is expected to try to fall and further develop the bearish trend with the target of lowering near the level of 11.90.
Ethereum Classic forecast & analysis on July 28, 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 quotes above the area of 16.20, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations on ETC/USD is with the breakdown of the local minimum area at the level of 12.40.
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