Ethereum Classic ETC/USD is trading at the level of 14.25. 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 the lower boundary near the level of 15.00, from which one should expect an attempt to drop and further develop the bearish trend in Ethereum Classic with the target of lowering near the level of 11.30.
Ethereum Classic prediction & analysis on July 21, 2017
Earlier, a weak signal was received for buying of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 14.68. 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 17.00, 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 12.20.
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