Ethereum Classic is trading at 6.16 and continues to move as part of the 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 for the week of April 15 — 19, 2019. A test of the area of Ichimoku Kinko Hyo signal lines is expected near area 5.75. Where should we expect an attempt to rebound and continue to grow cryptocurrency with a goal near the level of 8.25.
Ethereum Classic Forecast for the week of April 15 — 19, 2019
An additional signal in favor of raising the cryptocurrency ETC/USD will be the test of the support area. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a medium strength signal was received for BUY the Ethereum Classic. The signal was formed due to the intersection of signal lines at the level of 4.00. The nearest resistance area is at 7.75. The support area is at level 5.60.
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 the 4.35 area. 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 area of resistance and closing above the level of 7.05.
Ethereum Classic Forecast for the week of April 15 — 19, 2019 suggests an attempt to develop a cryptocurrency correction and a test level of 5.75. Where can we expect to continue the growth rate of Ethereum Classic with a potential goal near the level of 8.25. Cancellation of the lifting option will be the fall and breakdown of the 4.35 area. This will indicate a continued decline in the rate of digital currency with a potential target of 3.20.