Ethereum forecast & analysis ETH/USD July 12, 2018


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Ethereum ETH/USD is traded at 435. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. The Ichimoku Kinko Hyo cloud is expected to test near the 445 level, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below the level of 395.

Ethereum forecast & analysis ETH/USD July 12, 2018

An additional signal in favor of reducing the cryptocurrency will be a test of the resistance area. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at level 470.

Ethereum forecast & analysis ETH/USD July 12, 2018

Canceling the variant of the Ethereum cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the 480 area, 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 stands with the breakdown of the bottom of the rising channel and the closing below the level of 415.


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