Ethereum Classic ETC/USD is trading at 9.58 and continues to move as part of the correction. The cryptocurrency is traded inside the Ichimoku Kinko Hyo Cloud, which indicates a side trend. As part of the Ethereum Classic forecast & analysis October 22, 2018, the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the area of 9.70, from which one can expect an attempt to rebound and continue to decrease the cryptocurrency with a target near the level of 8.60.
Ethereum Classic forecast & analysis October 22, 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 weak signal was received for buy of Ethereum Classic cryptocurrency, due to the crossing of signal lines at the level of 9.50.
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 10.10, indicating a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect confirmation of a fall in ETC/USD quotes with a breakdown of the lower boundary of the ascending channel and closing below 9.20.
Ethereum Classic forecast & analysis October 22, 2018 suggests an attempt to develop cryptocurrency correction and test level 9.70, from which we can expect continued decline of Ethereum Classic with a potential goal near the level of 8.60, a strong growth and breakdown of the fall option will be made by the 10.10 area, indicating on the continued growth of the digital currency.