Ethereum ETH/USD is traded at the level of 299. 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 300 is expected to be tested near the level of 300, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at level 270.
Ethereum forecast & analysis ETH/USD on November 5, 2017
Earlier, a signal of medium strength was obtained for buy of the Ethereum cryptocurrency, by crossing the signal lines at level 291. The cancellation of the fall variant Ethereum will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 310, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the drop in quotations ETH/USD stands with the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary and the closing below the level of 290.
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