Ethereum forecast and Analytics ETH/USD on 6 September 2018

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Ethereum forecast and Analytics ETH/USD on 6 September 2018

Cryptocurrency Ethereum ETH/USD is trading at 242 and continues the movement at the start of testing 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 region signal lines Ichimoku Kinko Hyo 260 near the level where we can expect rebound and attempt to continue falling ETH/USD with a target below level 215.

Ethereum forecast and Analytics ETH/USD on 6 September 2018

Additional signal in favor of the fall of the cryptocurrency will perform a test of the resistance level. 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 a close above region 290, 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 support area and closing below the level of 220.

Thus, Ethereum forecast and Analytics ETH/USD on 6 September 2018 involves the attempt to develop correction cryptocurrency and test level 260, where we can expect further rate fall Ethereum with a potential target near 215, cancellation of risk will deliver strong growth and the breakdown region 290, which indicates a continued growth rate of digital currency.

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