Ethereum forecast & analysis ETH/USD June 13, 2018


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Ethereum ETH/USD is traded at the level of 502. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. The test area of ​​Ichimoku Kinko Hyo signal lines near the level of 520 is expected, from which one should expect a rebound and an attempt to drop ETH/USD with a target below the level of 440.

Ethereum forecast & analysis ETH/USD June 13, 2018

An additional signal in favor of the fall of 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 the level of 600.

Ethereum forecast & analysis ETH/USD June 13, 2018

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 area of ​​570, which will indicate 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 limit of the model «Triangle» and the closure below the level of 485.


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