Ethereum forecast & analysis ETH/USD on March 29, 2018


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Ethereum ETH/USD is traded at 448. The currency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of ​​Ichimoku Kinko Hyo signal lines near area 460 is expected, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at level 355.

Ethereum forecast & analysis ETH/USD on March 29, 2018

An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bearish channel. 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 29, 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 530, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations ETH/USD is with the breakdown of the support area and closing below the level of 410.

Ethereum forecast & analysis ETH/USD on March 29, 2018

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