Ethereum ETH/USD is trading at level 199 and continues to move as part of the correction. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. As part of the Ethereum forecast & analysis ETH/USD October 14, 2018, a test of the Ichimoku Kinko Hyo signal line is expected near the level of 210, from where it is necessary to expect a rebound and an attempt to continue the fall of ETH/USD with a target below 170.
Ethereum forecast & analysis ETH/USD October 14, 2018
An additional signal in favor of falling cryptocurrency will be a test of the resistance level, as well as a rebound from the upper limit of the downward channel. Earlier, a weak signal was received for sell of Ethereum cryptocurrency, due to the crossing of signal lines at 220.
Cancellation of the Ethereum cryptocurrency fall will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above area 230, indicating a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in quotes ETH/USD stands with the breakdown of the support area and closure below 190.
Ethereum forecast & analysis ETH/USD October 14, 2018 suggests an attempt to develop a correction of cryptocurrency and test level 210, from which we can expect the continuation of the fall of Ethereum with a potential target near the level of 170, a strong growth and breakdown of the area 230, which will indicate the continued growth of the digital currency.