Cryptocurrency Ethereum ETH/USD is trading at 181.03. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Ethereum. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 192.00, from which one should expect an attempt to drop and develop a bearish trend for Ethereum with a view to lower near the level of 124.00.
Ethereum ETH/USD prediction & analysis on July 19, 2017
Earlier, a weak signal was received for purchases of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 165.70. The cancellation of the drop in Ethereum quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 200.00, which will indicate a change in the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations on ETH/USD stands with the breakdown of the local minimum area at 138.00.
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