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26.06.201805:07 Forex Analysis & Reviews: Technical analysis of Ethereum for June 26, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 26.06.2018 analysis

At the Daily Chart, the Ethereum now moving in a Bearish bias, this already shows they already moving in a down channel slope and below the Moving Average 50 and the slope from the Moving Average is pointing down too, but as We see after they hit the 417.30 this Cryptocurrency now get a correction to the upsides this already confirmed with the Stochastic have a Divergence between the price so as long as they not breakout and close above the 541.07 the Ethereum will going down and will test again the Key level support 417.30.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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