Ethereum ETH/USD is trading at 105 and continues to move as part of the fall. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend by Ethereum.
As part of the Ethereum prediction & analysis ETH/USD December 5, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 110. Where should we expect a rebound and an attempt to continue the fall of ETH/USD with a target below 70.
Ethereum prediction & analysis ETH/USD December 5, 2018
An additional signal in favor of the fall of cryptocurrency will be the test of the resistance area. As well as a rebound from the lower boundary of the rising channel. Earlier, a medium strength signal was received for SELL the Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at level 113.
Cancellation of the Ethereum cryptocurrency fall will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 125. This scenario 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 support area and closing below 100.
Ethereum prediction & analysis ETH/USD December 5, 2018 imply an attempt to develop a cryptocurrency correction and a 110 level test, on the continued growth of the digital currency.