Ethereum forecast & analysis ETH/USD on March 28, 2018


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Ethereum ETH/USD is traded at the level of 451. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. The test area of ​​Ichimoku Kinko Hyo signal lines near area 490 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 350.

Ethereum forecast & analysis ETH/USD on March 28, 2018

An additional signal in favor of the fall of the cryptocurrency will be a resistance level test. Earlier, a medium strength signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 530.

Ethereum forecast & analysis ETH/USD on March 28, 2018

Cancellation of the Ethereum fall variant will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above 540, which indicates a change in the bearish trend in favor of the ascending trend. Expect to accelerate the fall of quotations ETH/USD is the breakdown of the bottom of the model «Triangle» and closing below the level of 420.

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