Ethereum Classic forecast and analysis on September 1, 2018

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Ethereum Classic forecast and analysis on September 1, 2018

Cryptocurrency Ethereum ETC Classic/USD is trading at 12.72. The cryptocurrency is trading inside the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a lateral trend in Ethereum Classic. In the framework of the forecast rate of digital currency is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near-12.30, where we can expect attempt to rebound and continue growth of the cryptocurrency with the aim to near the level of 15.00.

Ethereum Classic forecast and analysis on September 1, 2018

Additional signal in favor of reducing cryptocurrencies ETC/USD will perform test support area and rebound from the lower boundary of the model “Triangle”. Was previously received signal average strength for sales of Ethereum cryptocurrency Classic, due to the intersection of the signal lines at the level of 12.80.

Cancellation option growth Ethereum Classic is a breakout of the lower border of the Ichimoku Kinko Hyo Cloud with the close below the 12.00 region, which indicates the change of lateral tendency in favor of a downward trend and the continuing decline in the cryptocurrency. Expect acceleration of growth of quotations ETC/USD is a breakout of the upper border of the Ichimoku Kinko Hyo Cloud and a close above 13.50.

Thus, Ethereum Classic forecast and analysis on September 1, 2018 involves the attempt to develop correction cryptocurrency and test at 12.30, where we can expect continued growth rate Ethereum Classic with a potential target near the level of 15.00, with a cancellation option growth will be the drop and the breakdown region 12.00, which indicates continued decline.

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