Ethereum Classic is trading at 6.89 and continues to move as part of a downward correction. ETC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the forecast for Ethereum Classic on April 9, 2019. The test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 6.55 area. Where should we expect an attempt to rebound and continue to grow cryptocurrency with a goal near the level of 8.35.
Ethereum Classic Forecast and Analysis April 9, 2019
An additional signal in favor of the growth of cryptocurrency ETC/USD will be the test area of support. As well as a rebound from the lower boundary of the rising channel. Earlier, a weak strong for SELL the cryptocurrency Ethereum Classic was obtained. The signal was formed due to the intersection of signal lines at the level of 7.15. The nearest resistance area is at 7.85. The support area is at level 6.35.
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 5.95. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. Expect to accelerate the growth of quotes ETC/USD stands with the breakdown of the resistance area and closing above the level of 7.45.
Ethereum Classic Forecast and Analysis April 9, 2019 suggests an attempt to develop a correction of cryptocurrency and a test level of 6.55. Where can we expect the continuation of the growth rate of Ethereum Classic with a potential target near the level of 8.35. Cancellation of the lifting option will be the fall and the breakdown of the area 5.95. This will indicate a continued decline in the rate of digital currency with a potential target of 4.75.