Ethereum Classic ETC/USD is trading at the level of 15.62. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud test is expected near the level of 14.30, from which it is expected to attempt a rebound and continue growth with the target near the level of 18.50.
Ethereum Classic forecast & analysis on November 14, 2017
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. 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 12.80, 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 20.50 level. We should not exclude the attempt to form the reversal pattern «Head and Shoulders», therefore, with breakdown of the level of 13.00 it is necessary to expect the continuation of the fall.
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