Ethereum Classic ETC/USD is trading at the level of 16.07. 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 15.30, from which it is expected to attempt a rebound and continue growth with the target near the level of 18.30.
Ethereum Classic forecast & analysis on November 12, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. 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 Ichimoku Kinko Hyo Cloud with a close below the area of 13.20, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD is worth a breakdown at 17.50 level.
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