Ethereum ETH/USD is traded at the level of 313. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 310 level, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at the level of 340.
Ethereum forecast & analysis ETH/USD on November 11, 2017
An additional signal in favor of the growth of quotations will be a test of the support level. Earlier, a medium strength signal was obtained for buy of Ethereum cryptocurrency due to the crossing of signal lines at level 291. The abolition of the Ethereum growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 290, which indicates a shift in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD is worth a breakdown level of 325.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
