Ethereum ETH/USD is traded at 493. The cryptocurrency is traded 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 the level of 500 is expected, from which one should expect a rebound and an attempt to drop ETH/USD with a target below the level of 410.
Ethereum forecast & analysis ETH/USD June 16, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel. 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.
The abolition of the Ethereum crypto currency fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the area of 530, 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 the breakdown of the bottom of the model «Triangle» and closing below the level of 450.
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