Ethereum ETH/USD is traded at the level of 303. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish 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 drop attempt with a target at level 275.
Ethereum prediction & analysis ETH/USD on October 21, 2017
An additional signal in favor of the drop of the cryptocurrency will be the resistance level. Previously it received a weak signal for sell cryptocurrency Ethereum, due to the intersection of the signal lines at 332. Cancellation option will drop Ethereum breakdown of the top of a cloud Ichimoku Kinko Hyo with closing quotations above the area 325 that indicate a shift bearish trend in favor of an bullish trend. Expect to accelerate the fall in quotes ETH/USD is with a breakdown level 285.
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