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. The test area of Ichimoku Kinko Hyo signal lines near level 310 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 340. An additional signal in favor of the growth of quotations will come from the support area test.
Ethereum forecast & analysis ETH/USD on November 13, 2017
Earlier, a weak signal was received for the sell of the Ethereum cryptocurrency, by crossing the signal lines at the level of 307. Canceling the Ethereum growth option will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 295, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 320.
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