Ethereum Classic forecast and analysis on September 8, 2018

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Ethereum Classic forecast and analysis on September 8, 2018

Cryptocurrency Ethereum ETC Classic/USD is trading at 11.70. 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 8 September 2018, is expected to test region signal lines Ichimoku Kinko Hyo 12.50 near the area where we can expect attempt to rebound and continue to fall cryptocurrency with the aim to near the level of 10.50.

Ethereum Classic forecast and analysis on September 8, 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 selling cryptocurrency Ethereum Classic, due to the intersection of the signal lines at the level of 13.50.

The cancellation option drop in prices of Ethereum Classic is the break of the upper border of the Ichimoku Kinko Hyo Cloud with a close above 13.50 region that 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 breakout of the support area and closing below the 11.00 level.

Thus, Ethereum Classic forecast and analysis on September 8, 2018 involves the attempt to develop correction cryptocurrency and test at 12.50, 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 13.50, which indicates a continued growth rate of digital currency.

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