Ethereum ETH/USD is traded at the level of 1021. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 1040 level is expected to be tested near the 1040 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 770.
Ethereum forecast & analysis ETH/USD on January 26, 2018
Earlier we received a weak signal for buy of Ethereum cryptocurrency due to the crossing of signal lines at 990 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 1150, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD stands with the breakdown of the lower limit of the model «Triangle» with a closing below the level of 860.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
