Ethereum ETH/USD is traded at the level of 304. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. As part of the digital currency forecast, the Ichimoku Kinko Hyo Cloud lower limit test is expected near level 310, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below the level of 235.
Ethereum forecast & analysis ETH/USD August 18, 2018
An additional signal in favor of the fall of the cryptocurrency will be the upper bound of the «Triangle» model, as well as a rebound from the resistance level. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of signal lines at level 290.
The abolition of the Ethereum cryptocurrency fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 325 area, which indicates a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. Expect to accelerate the fall of quotations ETH/USD is with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 265.
Ethereum forecast & analysis ETH/USD August 18, 2018 suggest an attempt to develop a correction of the cryptocurrency and a test of level 310, from which it is expected to continue the fall of the Ethereum rate with a potential target near the level of 235, the abolition of the decline option will make a strong growth and breakdown of the region 325.
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