Ethereum Classic ETC/USD is trading at 16.57. 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 upper limit test is expected near the level of 15.55, from which it is expected to attempt a rebound and continue growth with the aim near the level of 21.25. Earlier, we received a weak signal for sales of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 17.00.
Ethereum Classic forecast & analysis on November 15, 2017
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 close below the area of 13.50, which indicates the change in the bullish trend in favor of a 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 expected to continue the fall into the area of 9.
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