Ethereum ETH/USD is trading at 209 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 22, 2018, a test of the lower border of the Ichimoku Kinko Hyo Cloud 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 the level of 190.
Ethereum forecast & analysis ETH/USD October 22, 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 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 area 220, 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 200.
Ethereum forecast & analysis ETH/USD October 22, 2018 involves 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 190, a strong growth and breakdown of the area 220 will be canceled, will indicate the continued growth of the digital currency.