Ethereum Classic ETC/USD is trading at 13.65. 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 13.00 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 16.35.
Ethereum Classic forecast & analysis on November 9, 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 weak signal was received for buy of the Ethereum Classic cryptocurrency, by crossing the signal lines at the level of 10.35. The cancellation of the growth scenario for Ethereum Classic quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a close below the 12.00 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations ETC/USD stands with the breakdown of the level of 14.50.
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