Ethereum Classic ETC/USD is trading at the level of 17.22. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to be tested near the level of 17.00, from which it is expected to attempt a rebound and continue growth with the aim near the level of 20.30.
Ethereum Classic prediction & analysis on November 19, 2017
Earlier, a medium strength signal was received for buy of the Ethereum Classic cryptocurrency, by crossing the signal lines at level 16.80. 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 16.50, indicating a change in the bullish trend in favor of the bearish one. Expect to accelerate the growth of quotations ETC/USD is worth a breakdown of the level of 17.95. However, we should not exclude the formation of the «Head and Shoulders» reversal model with the target of working near area 9, the breakdown of the model will be a breakdown at level 18.50.
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