Ethereum ETH/USD is trading at 200 and continues to move as part of the correction. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. As part of the Ethereum forecast & analysis ETH/USD October 23, 2018, a test of the lower border of the Ichimoku Kinko Hyo Cloud is expected near the level of 205, from which one should expect a rebound and an attempt to continue the fall of ETH/USD with a target below the level of 180.
Ethereum forecast & analysis ETH/USD October 23, 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. Earlier, a medium strength signal was received for the sell of Ethereum cryptocurrency, due to the crossing of signal lines at the level of 203.
The cancellation of the Ethereum cryptocurrency fall will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 215, indicating a change in the downward trend in favor of the upward trend and the continuation of cryptocurrency growth. 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 23, 2018 suggests an attempt to develop a correction of cryptocurrency and test level 205, from which we can expect the continuation of the fall of Ethereum with a potential target near the level 180, the cancellation of the fall option will be a strong growth and breakdown of the 215 will indicate the continued growth of the digital currency.