Ethereum ETH/USD is trading at 513. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines near the area of 490 is expected, from which we should expect a rebound and an attempt to continue the growth of the crypto currency with a target at the level of 580.
Ethereum forecast & analysis ETH/USD April 18, 2018
An additional signal in favor of the growth of the cryptocurrency will come from the lower bound of the «Triangle» model. Earlier, a weak signal was received for buy of the Ethereum, by crossing the signal lines at level 385.
The abolition of the Ethereum growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the level of 430, which will indicate a shift in the bullish trend in favor of a 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 535.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
