Cryptocurrency ETHEREUM Classic ETC/USD is trading at 16.52. Quotes of the currency are traded below the moving average with a period of 55, which indicates the presence of a bearish trend in the ETHEREUM Classic. At the moment, quotations ETHEREUM test the average boundary stripes indicator Bollinger Bands. The quotes are expected to increase to the moving average at 16.80, where again we should expect an attempt to continue the fall and further develop the bearish trend in the ETHEREUM Classic cryptocurrency with the target of falling near the level of 15.00.
ETHEREUM Classic forecast & signals on July 6, 2017
The conservative sales area ETHEREUM Classic is located near the upper boundary of the Bollinger Bands indicator strip at 17.50. The abolition of the continuation of the decline of the ETC/USD cryptocurrency will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with the level of 55 and the closing of quotes ETHEREUM above the area of 18.00, which indicates a change in the trend in favor of the bullish on ETC/USD. In the event of a breakdown of the lower boundary of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the cryptocurrency.
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