Ethereum Classic ETC/USD is trading at the level of 11.89. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Ethereum Classic. Ichimoku Kinko Hyo Cloud is expected to test near the level of 11.60, from which it is expected to attempt a rebound and further growth with a target near the level of 13.25. An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.
Ethereum Classic prediction & analysis on October 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 11.35. Cancellation of the growth scenario of quotations Ethereum Classic will be a breakdown of the lower boundary of the Cloud Ichimoku Kinko Hyo with a close below the area of 10.90, which indicates the change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of ETC/USD is with a breakdown of the level of the neckline of the reversal pattern and closing above 12.50.
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