Ethereum Classic ETC/USD is trading at the level of 14.71. 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 near the level of 13.90 is expected, from which it is expected to attempt a rebound and continue growth with the aim near the level of 16.05.
Ethereum Classic forecast & analysis on November 11, 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 strong signal was received for buy of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 14.05. Cancellation of the growth scenario of quotations Ethereum Classic will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with a closing below the area of 11.80, which indicates a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETC/USD is with a breakdown level of 15.00.
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