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 520.
Ethereum forecast & analysis ETH/USD July 8, 2018
An additional signal in favor of the growth of the cryptocurrency will be the support area test, as well as the lower bound of the «Triangle» model. Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, due to the crossing of signal lines at the level of 460.
Cancellation of the growth scenario of the Ethereum cryptocurrency will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closure below area 440, which will indicate a change in the upward trend in favor of the downtrend and the continued decline in the cryptocurrency. To expect confirmation of 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 480.
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