Ethereum Classic ETC/USD is trading at the level of 10.59. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test near the 10.25 level, from which it is expected to attempt a rebound and further growth with a target near the level of 11.75.
Ethereum Classic forecast & analysis on November 1, 2017
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 10.25. The cancellation of the growth scenario for Ethereum Classic quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the area of 9.70, indicating a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD is with a breakdown of the resistance level and the closing above the level of 11.05.
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