Ethereum forecast & analysis ETH/USD July 18, 2018


Ethereum ETH/USD is traded at 466. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 460, from which one should expect a rebound and an attempt to continue the growth of ETH/USD with a target above the level of 505.

Ethereum forecast & analysis ETH/USD July 18, 2018

An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to the crossing of the signal lines at level 470.

Ethereum forecast & analysis ETH/USD July 18, 2018

Cancellation of the growth scenario of the Ethereum cryptocurrency will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below area 425, which will indicate a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the resistance area and the closing above the level of 485.


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