Ethereum ETH/USD is trading at 534. 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 area 510 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 600.
Ethereum forecast & analysis ETH/USD April 20, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower bound of the «Triangle» model, and such is the channel boundary test. Earlier, a strong signal was received for buy of the Ethereum, due to the crossing of the signal lines at the level of 515.
The abolition of the Ethereum growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below 450, indicating 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 545.
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