Ethereum Classic ETC/USD is trading at the level of 14.76. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade below its lower limit, indicating a bearish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test near the level of 15.60, from which one should expect an attempt to drop and further develop the bearish trend of the Ethereum Classic with a target to lower near the level of 11.00.
Ethereum Classic prediction & analysis on July 18, 2017
Earlier, we received a weak signal for sales of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 15.86. 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 16.50, which indicates a change in the bearish trend in favor of the upside. To expect the acceleration of falling quotations on ETC/USD is with the breakdown of the local minimum area at the level of 11.60.
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