Ethereum Classic ETC/USD is trading at 9.41 and continues to move as part of the correction. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend. As part of the Ethereum Classic forecast & analysis October 15, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected near the 9.90 area, from which one can expect an attempt to rebound and continue to reduce the cryptocurrency with a target near the 8.00 level.
Ethereum Classic forecast & analysis October 15, 2018
An additional signal in favor of the fall in the cryptocurrency ETC/USD will be the test of the resistance area, as well as a rebound from the upper limit of the downward channel. Earlier, a strong signal was received for the sell of Ethereum Classic cryptocurrency, due to the crossing of signal lines at the level of 10.80.
The cancellation of the Ethereum Classic quote reduction option will be a strong growth and a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with a close above 10.50, indicating a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in quotes ETC/USD stands with the breakdown of the support area and closing below 9.00.
Ethereum Classic forecast & analysis October 15, 2018 suggests an attempt to develop cryptocurrency correction and a test of 9.90 level, from which we can expect further decline in the rate of Ethereum Classic with a potential target near the level of 8.00; on the continued growth of the digital currency.