Ethereum ETH/USD is trading at 194 and continues to move as part of the fall. 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 prediction & analysis ETH/USD October 31, 2018, Ichimoku Kinko Hyo signal lines are expected to test near the level of 198, from where it is necessary to expect a rebound and an attempt to continue the fall of ETH/USD with a target below 180.
Ethereum prediction & analysis ETH/USD October 31, 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 lower 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.
The cancellation of the Ethereum cryptocurrency fall will break the upper boundary of the Ichimoku Kinko Hyo Cloud and close above 205, indicating 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 closure below 190.
Ethereum prediction & analysis ETH/USD October 31, 2018 involves an attempt to develop a correction of cryptocurrency and test level 198, from which we can expect the continuation of the fall of Ethereum with a potential target near the level of 180, a strong growth and a breakdown of the area 205 will be canceled, will indicate the continued growth of the digital currency.