Ethereum ETH/USD is traded at the level of 306. Cryptocurrency quotes were able to penetrate the lower limit of the Triangle model. This indicates a possible continuation of the decline in the «Triangle» model. The target of testing the model is to enter the area at the level of 230. It is worth to wait for the test of the broken model boundary at level 310.
Ethereum technical analysis & signals on June 26, 2017
Again, we expect the continuation of the decline of quotations of ETH/USD in the area below the level of 230. By abolishing the variant of quotations decrease Ethereum there will be a breakdown of area 340, growth for the target near the local maximum level. Expect to accelerate the fall in quotations ETH/USD is with a breakdown of 285 level.
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