Ethereum Classic ETC/USD is trading at the level of 16.10. The Cloud of Ichimoku Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, which indicates an upward trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 15.60, from which one should expect an attempt of growth and further development of the bullish tendency on Ethereum Classic with the target of growth near the level of 18.80.
Ethereum Classic prediction & analysis on July 22, 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 growth scenario for Ethereum Classic quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 14.00, which will indicate a change in the bullish trend in favor of a bearish trend. To expect the acceleration of the growth of quotations by ETC/USD stands with the breakdown of the local maximum area at the level of 18.20.
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