Ethereum forecast for the week of October 29 — November 2, 2018

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Ethereum forecast for the week of October 29 — November 2, 2018

Cryptocurrency Ethereum ETH/USD ends the week near the area 201. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud that indicates the presence of a downward trend in Ethereum. Expected test region signal lines Ichimoku Kinko Hyo is close to level 220, where we can expect attempt to rebound and the continuing decline in the cryptocurrency with the goal at 125.

Ethereum forecast for the week of October 29 — November 2, 2018

Additional signal in favor of the fall of the cryptocurrency will perform a test of the resistance level and test the upper boundary of the model “Triangle”. Earlier it was obtained a weak signal for selling cryptocurrency Ethereum, due to the intersection of the signal lines at the level of 225.

The cancellation option drop Ethereum will be a break of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations above region 245 that point to a change in the downward trend in favor of rising. Expected to accelerate the drop in prices of ETH/USD is a breakout of the lower boundary of the model “Triangle” and close below level 180.

Thus, Ethereum forecast for the week of October 29 — November 2, 2018 involves the attempt to develop adjustments to level 220, where we can expect rebound and continue to fall cryptocurrency with a potential target near the level of 125 in favor of the decline will be a test of the resistance level, lifting the drop option will perform the breakdown region 245, in this case it is necessary to expect the further growth of Ethereum.

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