Ethereum ETH/USD is traded at the level of 296. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near level 310 is expected, from which we should expect a rebound and a fall attempt with a target at 270. An additional signal in favor of the drop of the cryptocurrency will be the resistance level.
Ethereum prediction & analysis ETH/USD on October 19, 2017
Earlier, a weak signal was received for the sell of the Ethereum cryptocurrency, by crossing the signal lines at level 332. The abolition of the Ethereum fall variant will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 335, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes ETH/USD is worth a breakdown of the level of 275.
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