Ethereum ETH/USD is traded at 695. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test near the level 655 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 820.
Ethereum forecast & analysis ETH/USD on December 30, 2017
Earlier we received a weak signal for sell of Ethereum cryptocurrency due to the crossing of signal lines at 670 level. The abolition of the Ethereum growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 610, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 740.
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