Ethereum ETH/USD is traded at 627. The cryptocurrency is trading 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 580 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 720 level.
Ethereum forecast & analysis ETH/USD April 23, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the channel, and such is the test of the support level. Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, 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 the 500 level, which indicates 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 resistance area and closing above the level of 650.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
