Ethereum Classic ETC/USD is trading at the level of 20.78. 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 signal line area test is near the level of 20.20, from which it is expected to attempt a rebound and continue growth with the target near the level of 24.65.
Ethereum Classic prediction & analysis on November 27, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the broken channel boundary. Earlier, a strong signal was received for buy of the Ethereum Classic cryptocurrency, due to crossing the signal lines at the level of 17.50. 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 17.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETC/USD stands with a breakdown of 22.50 level.
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