Ethereum ETH/USD is trading at 568. 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 is expected near the area of 590, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 480.
Ethereum forecast & analysis ETH/USD May 28, 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 strong signal was received for sales of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 695.
The abolition of the Ethereum fall will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing above the level of 645, which indicates a change in the bearish trend in favor of the upward trend. Expect to accelerate the fall in quotations ETH/USD is with the breakdown of the support area and closing below the level of 550.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
