Ethereum Classic ETC/USD is trading at 12.00. 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 11.40 is expected, from which it is expected to attempt a rebound and continue growth with the aim near the level of 13.00.
Ethereum Classic forecast & analysis on November 5, 2017
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing the signal lines at the level of 10.15. 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 9.75, indicating a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations ETC/USD is with a breakdown of the resistance level and closing above 12.50.
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