Ethereum ETH/USD is trading at 530. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 520 level, from which it is expected to rebound and try to grow ETH/USD with a target above the level of 600.
Ethereum forecast & analysis ETH/USD June 20, 2018
An additional signal in favor of the growth of the cryptocurrency will be the support area test, as well as the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of the Ethereum cryptocurrency, due to the crossing of signal lines at the level of 498.
The abolition of the growth of the Ethereum cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 480 area, which indicates a change in the bullish trend in favor of the bearish trend and the continued fall of the cryptocurrency. To expect confirmation of the growth of quotations ETH/USD stands with the breakdown of the upper boundary of the bearish channel and the closing above the level of 565.
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