Ethereum Classic ETC/USD is trading at the level of 13.88. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The test area of Ichimoku Kinko Hyo signal lines is expected near the level of 13.30, from which it is expected to attempt a rebound and continue growth with the target near the level of 16.05.
Ethereum Classic forecast & analysis on November 10, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the bullish channel. Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, by crossing the signal lines at the level of 10.35. Cancellation of the growth scenario of quotations Ethereum Classic will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing below the area of 12.00, which indicates the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 14.50.
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