Ethereum Classic ETC/USD completes the trading week near the area of 14.55. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. The Ichimoku Kinko Hyo Cloud is expected to be tested near the level of 15.50, from which it is expected to attempt a rebound and further fall with a target near the level of 11.50.
Ethereum Classic forecast on November 13 — 17, 2017
Earlier, a weak signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 11.10. Cancellation of the drop in Ethereum Classic quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 16.70, indicating a change in the flat trend in favor of the bullish trend and the continued growth. Expect the acceleration of the decline in quotes ETC/USD stands with the breakdown of the level of the lower boundary of the indicator cloud and the closing below 9.50.
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