Ethereum ETH/USD is traded at 713. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 725 level is expected to be tested near the level of 725, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 580.
Ethereum forecast & analysis ETH/USD on March 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 buy 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 quotes above the area of 765, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations ETH/USD is with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 635.
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