Ethereum ETH/USD is traded at 696. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the level 755 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 660 level.
Ethereum forecast & analysis ETH/USD on March 10, 2018
An additional signal in favor of the fall of the cryptocurrency will be a resistance level test, as well as a trend line bearish trend test. Earlier, a medium strength signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 840.
Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 750 area, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is with the breakdown of the support area and closing below the level of 620.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
