Ethereum ETH/USD is trading at 225 and continues to move within the correction. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. As part of the forecast for the digital currency exchange rate on September 29, 2018, the Ichimoku Kinko Hyo Cloud upper limit test is expected near level 230, from which it is expected to rebound and attempt to continue falling ETH/USD with a target below level 190.
Ethereum forecast & analysis ETH/USD September 29, 2018
An additional signal in favor of reducing the cryptocurrency is the resistance level test, as well as the formation of the «Head and Shoulders» reversal model. Earlier, a weak force signal was obtained for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 230.
Cancellation of the variant of the Ethereum cryptocurrency fall will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 245 area, indicating a change in the flat trend in favor of the upward trend and the continued growth of the cryptocurrency. Expect to accelerate the decline in quotations ETH/USD is with the breakdown of the support area and closing below the level of 205.
Ethereum forecast & analysis ETH/USD September 29, 2018 suggests an attempt to develop a correction of the cryptocurrency and a test of the level of 230, where we can expect the continuation of the fall of the Ethereum rate with a potential target near the level of 190, the abolition of the decline option will make a strong growth and breakdown of the region 245, which will indicate the continued growth of the exchange rate of the digital currency.
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