Ethereum Classic ETC/USD is trading at 11.11 and continues moving as part of 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 3, 2018, the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the area of 11.00, from which one can expect an attempt to rebound and continue to grow cryptocurrency with a target near the level of 12.50.
Ethereum Classic forecast & analysis October 3, 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 rate of Ethereum Classic quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with a close below 10.70, indicating a change in the upward trend in favor of the downward trend and the continuation of a fall in cryptocurrency. Expect confirmation of growth of ETC/USD quotes with the breakdown of the upper limit of the «Triangle» model and closing above the level of 11.50.
Ethereum Classic forecast & analysis October 3, 2018 suggests an attempt to develop cryptocurrency correction and test of 11.00 level, from which we can expect further growth of the course of Ethereum Classic with a potential target near the level of 12.50, reduction will be canceled and growth will be 10.70, which will indicate continued fall of the digital currency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
