ETHUSDT Price is below ichi cloud and goes to the support level

22 lut 2018

We carefully track ETH since its dump to $580. Our analysts team thinks that the price will head to the Fib 0.618 level from which there will be a rebound to the upper edge of the triangle. There are two reasons for this scenario. Firstly Ichimoku cloud is now a strong resistance for the price upward movement that is why it should consolidate a bit more to break through it. This is also explained by Stoch RSI oversold status. Secondly, the market still need time to recover before next wave of top coins growth. However ETH is the 2nd generation coin and it has a very strong fundamental basis comparing to NEO. So there should be a significant growth in the long term. Nevertheless we can not predict what will happen when EOS come out.