Ethereum Classic ETC/USD is trading at 16.52. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 16.70, from which one should expect an attempt to drop and develop the bearish trend for Ethereum Classic with the target of lowering near the level of 14.50.
Ethereum Classic prediction & analysis on July 6, 2017
Earlier, a weak signal was received for the buying of the Ethereum Classic cryptocurrency, due to crossing the signal lines at level 16.50. 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 18.20, which indicates 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 15.00.
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