Ethereum forecast and Analytics ETH/USD on 7 September 2018

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Ethereum forecast and Analytics ETH/USD on 7 September 2018

Cryptocurrency Ethereum ETH/USD is trading at 223, and continues to diminish. 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 region signal lines Ichimoku Kinko Hyo near the level 245 where we can expect rebound and attempt to continue falling ETH/USD with a target below the level 185.

Ethereum forecast and Analytics ETH/USD on 7 September 2018

Additional signal in favor of the fall of the cryptocurrency will perform a test of the resistance level and rebounded from the upper border of the descending channel. Earlier it was obtained a weak signal for selling cryptocurrency Ethereum, due to the intersection of the signal lines at 285.

The cancellation option drop Ethereum cryptocurrency will be a break of the upper border of the Ichimoku Kinko Hyo Cloud and closing above the area 285 that 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 breakdown of support and a close below the 200 level.

Thus, Ethereum forecast and Analytics ETH/USD on 7 September 2018 involves the attempt to develop correction cryptocurrency and test of level 245 where we can expect further rate fall Ethereum with a potential target near the level of 185, lifting the risk, will deliver strong growth and the breakdown region 285, which indicates a continued growth rate of digital currency.

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