Ethereum ETH/USD is traded at 1046. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 1050 level is expected to test near the level of 1050, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 805.
Ethereum forecast & analysis ETH/USD on January 27, 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 downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations ETH/USD stands with the breakdown of the lower limit of the model «Triangle» with the closure below the level of 950.
