Ethereum forecast & analysis ETH/USD on January 20, 2018


Ethereum ETH/USD is traded at the level of 1025. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo signal line area test near the 1080 level is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 650. An additional signal in favor of the drop is the test of the upper boundary of the bearish channel.

Ethereum forecast & analysis ETH/USD on January 20, 2018

Ethereum forecast & analysis ETH/USD on January 20, 2018

Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to crossing of the signal lines at the level of 1190. Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​1200, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with a breakdown of the level of 930.


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