Ethereum Classic ETC/USD is trading at 9.70 and continues moving as part of the correction. The cryptocurrency is traded inside the Ichimoku Kinko Hyo Cloud, which indicates a flat trend. As part of the Ethereum Classic forecast & analysis October 19, 2018, the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the area of 10.00, from which one can expect an attempt to rebound and continue to decline cryptocurrency with a target near the level of 8.70.
Ethereum Classic forecast & analysis October 19, 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 9.60.
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 10.30, indicating a change in the side trend in favor of an upward trend and continued growth of cryptocurrency. Expect to accelerate the fall in quotes ETC/USD stands with the breakdown of the support area and closing below 9.20.
Ethereum Classic forecast & analysis October 19, 2018 suggests an attempt to develop a correction of cryptocurrency and the test level of 10.00, from which we can expect continued depreciation of the Ethereum Classic with a potential target near the level of 8.70, a strong growth and a breakdown of the 10.30 area will be canceled, indicating on the continued growth of the digital currency.