Ethereum ETH/USD is traded at 837. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 850 level is expected to be tested near the level of 850, where we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 760. An additional signal in favor of the drop of the cryptocurrency will be a test of the «Neckline» of the reversal «Head and Shoulders» model.
Ethereum forecast & analysis ETH/USD on March 5, 2018
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 area of 880, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in quotations ETH/USD is with the breakdown of the support area and closing below the level of 815.
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