Ethereum ETH/USD is trading at 207 and continues to move as part of the correction. The cryptocurrency is being traded inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a lateral trend on Ethereum. As part of the Ethereum prediction & analysis ETH/USD November 12, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected near the level of 210. Where should we expect a rebound and an attempt to continue to lower ETH/USD with a target below 190.
Ethereum prediction & analysis ETH/USD November 12, 2018
An additional signal in favor of the fall of cryptocurrency will be the test of the resistance region. As well as the formation of the head and shoulders reversal pattern. Earlier, a weak signal was received for sell the Ethereum cryptocurrency, due to the intersection of signal lines at 215.
Cancellation of the Ethereum cryptocurrency fall will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above area 215. Such a scenario will indicate a change in the lateral trend in favor of an upward trend and continued growth of cryptocurrency. Expect confirmation of a decline in quotes ETH/USD stands with the breakdown of the support area and closing below 205.
Ethereum prediction & analysis ETH/USD November 12, 2018 suggests an attempt to develop cryptocurrency correction and a test of level 210. Where should we expect the continuation of the fall of Ethereum with a potential target near level 225. The cancellation of the reduction option will be a strong growth and a breakdown of the 215. will indicate the continued growth of the digital currency.
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