Ethereum forecast and Analytics ETH/USD to 17 Oct 2018

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Ethereum forecast and Analytics ETH/USD to 17 Oct 2018

Cryptocurrency Ethereum ETH/USD is trading at 204 and continues the movement in the correction. 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 17, 2018, is expected to test the upper boundary of the Clouds Ichimoku Kinko Hyo 205 near the level where we can expect rebound and attempt to continue falling ETH/USD with a target below level 180.

Ethereum forecast and Analytics ETH/USD to 17 Oct 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 purchases of Ethereum cryptocurrency, due to the intersection of the signal lines on the 200 level.

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 215 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 breakout of the support area and closing below the level of 195.

Thus, Ethereum forecast and Analytics ETH/USD for October 17, 2018 involves the attempt to develop correction cryptocurrency and test at 205, where we can expect further rate fall Ethereum with a potential target near the level of 180, the lifting of the drop option will deliver strong growth and the breakdown region 215, which indicates a continued growth rate of digital currency.

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