Ethereum ETH/USD is trading at 85 and continues to move as part of a decline. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend by Ethereum. As part of the Ethereum prediction & analysis ETH/USD December 17, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected near the level of 90. Where should we expect a rebound and an attempt to continue the fall of ETH/USD with a target below 65.
Ethereum prediction & analysis ETH/USD December 17, 2018
An additional signal in favor of the fall of cryptocurrency will be the test of the resistance area. As well as a rebound from the lower boundary of the model «Triangle». Earlier, a strong signal was received for SELL the Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 90.
Cancellation of the Ethereum cryptocurrency fall option will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above area 100. Such a scenario will indicate 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 closure below 80.
Ethereum prediction & analysis ETH/USD December 17, 2018 imply an attempt to develop a cryptocurrency correction and a test of level 90. Where should we expect Ethereum to continue falling with a potential target near level 65.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
