Ethereum forecast and Analytics ETH/USD on 31 August 2018

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Ethereum forecast and Analytics ETH/USD on 31 August 2018

Cryptocurrency Ethereum ETH/USD is trading at the level 272 and continues through the formation of the model “Triangle”. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud that indicates the presence of a downward trend in Ethereum. In the framework of the forecast rate of digital currency is expected to test the upper boundary of the Clouds Ichimoku Kinko Hyo is close to 280, where we can expect rebound and attempt to continue falling ETH/USD with a target above level 240.

Ethereum forecast and Analytics ETH/USD on 31 August 2018

Additional signal in favor of reducing the cryptocurrency will perform a test of the resistance level and rebounded from the upper border of the model “Triangle”. Earlier it was obtained a weak signal for purchases of Ethereum cryptocurrency, due to the intersection of the signal lines at the level of 270.

The cancellation option drop Ethereum cryptocurrency will be a break of the upper border of the Ichimoku Kinko Hyo Cloud and a close above region 295, which will point to a change in the downward trend in favor of a rising trend and continued growth of the cryptocurrency. Expected to accelerate the drop in prices of ETH/USD is a breakout of the lower boundary of the model “Triangle” and close below level 255.

Thus, Ethereum forecast and Analytics ETH/USD on 31 August 2018 involves the attempt to develop correction cryptocurrency and test 280 where we can expect further rate fall Ethereum with a potential target near the level 240, the cancellation of the drop option will deliver strong growth and the breakdown region 295, which indicates continued growth of the digital currency.

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