Ethereum Classic ETC/USD is trading at the level of 12.55. Cryptocurrency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The growth of quotations of ETC/USD to the level of 14.20 is expected, from which one should expect an attempt to drop and further develop the bearish trend in Ethereum Classic with the target of reducing near the level of 9.90.
Ethereum Classic prediction & analysis on July 12, 2017
Earlier, a medium strength signal was received for the sales of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at level 16.90. The cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 16.00, 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 10.60.
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