Ethereum Classic ETC/USD is trading at 11.95. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the Ethereum Classic. The test of the lower boundary is expected. Cloud of the indicator Ichimoku Kinko Hyo near the level of 11.70, from which it is expected to attempt a rebound and further growth with the target near the level of 14.50. An additional signal in favor of growth will be a test of the support level, as well as a test of the lower boundary of the uplink.
Ethereum Classic prediction & analysis on October 5, 2017
Earlier, a weak signal was received for sell of the Ethereum Classic cryptocurrency, due to crossing of the signal lines at the level of 12.65. The cancellation of the growth scenario for Ethereum Classic quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with a closing below the area of 11.40, indicating a change in the flat trend in favor of the bearish trend. Expect to accelerate growth ETC/USD stands with a breakdown of the level of the upper boundary of the Cloud and closing above 13.20.