Ethereum Classic ETC/USD is trading at 11.37 and continues to move within the correction. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. As part of the Ethereum Classic forecast & analysis October 1, 2018, Ichimoku Kinko Hyo Cloud upper boundary test is expected near the 11.20 area, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target near the level of 12.50.
Ethereum Classic forecast & analysis October 1, 2018
An additional signal in favor of the growth of the ETC/USD cryptocurrency will be a test of the support area, as well as a rebound from the lower bound of the «Triangle» model. Earlier, a medium strength signal was received for buy of the Ethereum Classic cryptocurrency, by crossing the signal lines at 11.15.
The cancellation of the growth scenario for Ethereum Classic quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a closing below the area of 10.80, which will indicate a change in the upward trend in favor of the downward trend and the continued fall of the cryptocurrency. Expect to accelerate the growth of quotations ETC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 11.70.
Ethereum Classic forecast & analysis October 1, 2018 suggests an attempt to develop correction of the crypto currency and test level 11.20, where we can expect the continuation of the growth rate Ethereum Classic with a potential target near the level of 12.50, the abolition of the growth option will come down and the breakdown of the area 10.80, continuation of the depreciation of the digital currency.
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