Ethereum ETH/USD is trading at 200 and continues to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a downward trend in Ethereum. As part of the Ethereum forecast & analysis ETH/USD October 29, 2018, a test of the lower border of the Ichimoku Kinko Hyo Cloud is expected near the level of 202, from where it is necessary to expect a rebound and an attempt to continue the fall of ETH/USD with a target below the level of 185.
Ethereum forecast & analysis ETH/USD October 29, 2018
An additional signal in favor of the fall in cryptocurrency will be a test of the resistance level, as well as a rebound from the upper border of the «Triangle» model. Previously, a strong signal was received for SELL the Ethereum cryptocurrency, due to the crossing of signal lines at the level of 200.
Cancellation of the Ethereum cryptocurrency fall will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 210, which will indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in quotes ETH/USD stands with the breakdown of the lower boundary of the model «Triangle» and closing below 195.
Ethereum forecast & analysis ETH/USD October 29, 2018 suggests an attempt to develop a correction of cryptocurrency and test level 202, from which we can expect the continuation of the fall of the course Ethereum with a potential target near the level 185, the cancellation of the fall option will be a strong growth and a breakdown of the region 210, which will indicate the continued growth of the digital currency.