Ethereum ETH/USD is trading at 255. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the 280 level is expected, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below the level of 185.
Ethereum forecast & analysis ETH/USD August 15, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the upper border of the bearish channel, as well as a rebound from the resistance level. Earlier, a medium strength signal was received to sell the Ethereum cryptocurrency, by crossing the signal lines at level 465.
Cancellation of the variant of the Ethereum cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the area of 365, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect the acceleration of the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of 235.
Ethereum forecast & analysis ETH/USD August 15, 2018 suggest an attempt to develop a correction of the cryptocurrency and a test of the level 280, from which it is expected to continue the fall of the Ethereum rate with a potential target near the level of 185, the abolition of the decline option will cause a strong growth and breakdown of the area 365.
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