Ethereum ETH/USD is traded at 428. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near level 445 is expected, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below the level of 390.
Ethereum forecast & analysis ETH/USD July 13, 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.
Cancellation of 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 470 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of the cryptocurrency. To expect confirmation of the fall in quotes ETH/USD stands with the breakdown of the bottom of the rising channel and closing below the level of 415.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
