Ethereum forecast and Analytics ETH/USD on October 6, 2018

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Ethereum forecast and Analytics ETH/USD on October 6, 2018

Cryptocurrency Ethereum ETH/USD is trading at 223, and continues to move in the correction and shaping of the model “Head and shoulders”. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud that indicates the presence of a downward trend in Ethereum. Under the forecast of the course of digital currency on October 6, 2018, is expected to test the lower boundary of the Clouds Ichimoku Kinko Hyo is close to level 225, where we can expect rebound and attempt to continue falling ETH/USD with a target below 200.

Ethereum forecast and Analytics ETH/USD on October 6, 2018

Additional signal in favor of reducing the cryptocurrency will perform a test of the resistance level. Earlier it was obtained a weak signal for purchases of Ethereum cryptocurrency, due to the intersection of the signal lines at 222.

The cancellation option drop Ethereum cryptocurrency will be a break of the upper border of the Ichimoku Kinko Hyo Cloud and closing above 235 that would point to a change in the downward trend in favor of a rising trend and continued growth of the cryptocurrency. Wait for a confirmation of the drop in prices of ETH/USD is a breakout of the neckline reversal pattern and a close below 210.

Thus, Ethereum forecast and Analytics ETH/USD on October 6, 2018 involves the attempt to develop correction cryptocurrency and test at 225, where we can expect further rate fall Ethereum with a potential target near the 200 level, cancellation of risk will deliver strong growth and the breakdown region 235, which indicates a continued growth rate of digital currency.

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