Ethereum ETH/USD is trading at 520. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level 505 is expected to test the lower limit, from which it is expected to rebound and try to grow ETH/USD with a target above the level of 585.
Ethereum forecast & analysis ETH/USD June 22, 2018
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the test of the lower boundary of the channel. 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 flat 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 resistance area and the closing above the level of 555.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
