Ethereum Classic ETC/USD is trading at 9.52 and continues to move as part of its growth. Cryptocurrency is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates an uptrend. As part of the Ethereum Classic forecast & analysis November 5, 2018, a test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the 9.40 area. Where should we expect an attempt to rebound and continue to grow cryptocurrency with a goal near the level of 10.40.
Ethereum Classic forecast & analysis November 5, 2018
An additional signal in favor of the growth of cryptocurrency ETC/USD will be a test of the support area, as well as a rebound from the upper limit of the downward channel. Earlier, a weak signal was received for BUY the Ethereum Classic cryptocurrency, due to the intersection of signal lines at the level of 9.10.
The cancellation of the growth rate of Ethereum Classic quotes will be the fall and breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with a close below 9.35, indicating a change in the upward trend in favor of the downward trend and the continuation of the fall of cryptocurrency. Expect to accelerate the growth of quotes ETC/USD stands with the breakdown of the area of resistance and closing above the level of 9.75.
Ethereum Classic forecast & analysis November 5, 2018 suggests an attempt to develop a correction of cryptocurrency and the test level of 9.40, from which one can expect the continuation of the growth rate of Ethereum Classic with a potential goal near the level of 10.40. Cancellation of the growth option will be the fall and the breakdown of the 9.35 area, which will indicate a continued decline in the rate of digital currency.