Ethereum Classic ETC/USD is trading at the level of 16.18. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. A breakdown and a test of the lower boundary of the Cloud of Ichimoku Kinko Hyo are expected near the level of 16.50, from which it is expected to attempt a rebound and continue falling with the aim near the level of 13.00.
Ethereum Classic prediction & analysis on November 17, 2017
The additional signal of the fall of the cryptocurrency is the formation of the reversal pattern «Head and Shoulders», the cancellation of the pattern will be a breakdown at level 18.50. Earlier, we received a weak signal for sell of the Ethereum Classic cryptocurrency, due to the crossing of the signal lines at the level of 17.00. The cancellation of the drop in Ethereum Classic quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above the area of 18.00, which indicates a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETC/USD is worth a breakdown at 14.50.
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