Ethereum ETH/USD is trading at 106 and continues to move as part of a decline. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud.
This indicates the presence of a downward trend in Ethereum. As part of the Ethereum prediction & analysis ETH/USD November 28, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected to be near 110. Where should we expect a rebound and an attempt to continue to lower ETH/USD with a target below 65.
Ethereum prediction & analysis ETH/USD November 28, 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 upper boundary of the bearish channel. Earlier, a weak signal was received for SELL the Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at the 215 level.
Cancellation of the Ethereum cryptocurrency fall will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above area 145. Such a 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 decline in quotes ETH/USD stands with the breakdown of the lower boundary of the model «Triangle» and closing below level 95.
Ethereum prediction & analysis ETH/USD November 28, 2018 suggests an attempt to develop a correction of cryptocurrency and test level 110. Where should we expect the continuation of the fall of Ethereum with a potential target near level 65. Cancellation of the reduction option will be a strong growth and breakdown of the 145. This will indicate the continued growth of the digital currency.