Ethereum Classic ETC/USD is traded at the level of 14.70. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The price of ETC/USD is expected to rise to the level of 16.80, from which it is expected to try to drop and further develop the bearish trend in Ethereum Classic with the target of reducing near the level of 12.80.
Ethereum Classic prediction & analysis on July 11, 2017
Earlier, a medium strength signal was obtained for the sales of the Ethereum Classic cryptocurrency, due to crossing the signal lines at level 16.90. 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 16.80, 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 stands with the breakdown of the local minimum area at the level of 13.40.
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