Ethereum Classic forecast and analysis on September 14, 2018

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Ethereum Classic forecast and analysis on September 14, 2018

Cryptocurrency Ethereum ETC Classic/USD traded at 11.19. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud that indicates the presence of a downward trend in Ethereum Classic. Under the forecast of the course of the Ethereum classic on 14 September 2018, is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the area of 12.20, where we can expect attempt to rebound and continue to fall cryptocurrency with the aim to near the level of 10.00.

Ethereum Classic forecast and analysis on September 14, 2018

Additional signal in favor of reducing cryptocurrencies ETC/USD will perform the test of resistance and rebounded from the upper border of the descending channel. Earlier it was obtained a weak signal for purchases of Ethereum cryptocurrency Classic, due to the intersection of the signal lines at the level of 11.10.

The cancellation option drop in prices of Ethereum Classic is the break of the upper border of the Ichimoku Kinko Hyo Cloud with the closure of the above region 12.30, which will point to a change in the downward trend in favor of a rising trend and continued growth of the cryptocurrency. To expect acceleration of falling of quotations ETC/USD is a breakdown of support and a close below the 10.50 level.

Thus, Ethereum Classic forecast and analysis on September 14, 2018 involves the attempt to develop correction cryptocurrency and test at 12.20, where we can expect the continuation of the depreciation of the Ethereum Classic with a potential target near the level of 10.00, lifting the drop option will deliver strong growth and the breakdown region 12.30, which indicates a continued growth rate of digital currency.

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