Ethereum forecast & analysis ETH/USD on March 14, 2018


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Ethereum ETH/USD is traded at the level of 673. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the level of 700, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 570.

Ethereum forecast & analysis ETH/USD on March 14, 2018

An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 690.

Ethereum forecast & analysis ETH/USD on March 14, 2018

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 of quotations ETH/USD stands with the breakdown of the lower limit of the model «Triangle» and closing below the level of 655.

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