Ethereum ETH/USD is traded at 515. 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 495 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 585.
Ethereum forecast & analysis ETH/USD April 19, 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 sell of the Ethereum, due to the crossing of signal lines at the level of 505.
The abolition of the Ethereum growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing below the level of 435, which will indicate a change 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 closure above the level of 530.
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