Ethereum ETH/USD is trading at the 201 level 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 21, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 205, from where it is necessary to expect a rebound and an attempt to continue the fall of ETH/USD with a target below the level of 180.
Ethereum forecast & analysis ETH/USD October 21, 2018
An additional signal in favor of the fall of cryptocurrency will be the test of the resistance level, as well as the test of the upper limit of the downward channel. Earlier, a medium strength signal was received for the sell of Ethereum cryptocurrency, due to the crossing of signal lines at the level of 203.
The cancellation of the Ethereum cryptocurrency fall will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 215, indicating a change in the downward trend in favor of the upward trend and the continuation of cryptocurrency growth. Expect to accelerate the fall in quotes ETH/USD stands with the breakdown of the support area and closing below 195.
Ethereum forecast & analysis ETH/USD October 21, 2018 involves an attempt to develop a correction of cryptocurrency and test level 205, from which we can expect the continuation of the fall of Ethereum with a potential target near level 180, the cancellation of the fall option will be a strong growth and a breakdown of the 215 will indicate the continued growth of the digital currency.