Ethereum ETH/USD is traded at the level of 1101. 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 Cloud near the level 1120 is expected to be tested near the level of 1120, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at 850.
Ethereum forecast & analysis ETH/USD on January 21, 2018
Earlier, a weak signal was received for buy of Ethereum cryptocurrency due to the crossing of signal lines at 970 level. 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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