Ethereum forecast and Analytics ETH/USD for September 29, 2018

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Ethereum forecast and Analytics ETH/USD for September 29, 2018

Cryptocurrency Ethereum ETH/USD is trading at 225 and continues movement in the correction. The cryptocurrency is trading inside the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a lateral trend in Ethereum. In the framework of the forecast rate of digital currency on 29 September 2018, is expected to test the upper border of the Ichimoku Kinko Hyo Cloud near the 230 level, where we can expect rebound and attempt to continue falling ETH/USD with a target below level 190.

Ethereum forecast and Analytics ETH/USD for September 29, 2018

Additional signal in favor of reducing the cryptocurrency will perform a test of the resistance level and the formation of reversal pattern “Head and shoulders”. Were previously received weak signal power for sales of Ethereum cryptocurrency, due to the intersection of the signal lines at 230.

The cancellation option drop Ethereum cryptocurrency will be a break of the upper border of the Ichimoku Kinko Hyo Cloud and closing above the region 245, which indicates the change of lateral tendency in favor of a rising trend and continued growth of the cryptocurrency. To expect accelerating declines in ETH/USD is a breakout of the support area and closing below the level of the 205.

Thus, Ethereum forecast and Analytics ETH/USD for September 29, 2018 involves the attempt to develop correction cryptocurrency and test level 230, where we can expect further rate fall Ethereum with a potential target near $ 190 cancellation of risk will deliver strong growth and the breakdown region 245, which indicates a continued growth rate of digital currency.

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