Ethereum ETH/USD is traded at the level of 233 and continues to move within the framework of correction. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in Ethereum. As part of the Ethereum forecast & analysis ETH/USD October 1, 2018, the Ichimoku Kinko Hyo Cloud upper boundary test is expected near 225, from which it is expected to rebound and try to continue the growth of ETH/USD with a target above 270.
Ethereum forecast & analysis ETH/USD October 1, 2018
An additional signal in favor of reducing the cryptocurrency will be a support level test, as well as a rebound from the lower bound of the «Triangle» model. Earlier, a weak force signal was obtained for buy of Ethereum cryptocurrency, due to the crossing of signal lines at level 224.
Cancellation of the growth scenario of the Ethereum cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below area 215, which will indicate a change in the upward trend in favor of the downward trend and the continued fall of the cryptocurrency. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and the closure above the level of 245.
Ethereum forecast & analysis ETH/USD October 1, 2018 suggests an attempt to develop a correction of the cryptocurrency and the 225 level test, from which it is expected to continue the growth of the Ethereum rate with the potential target near the level of 270, the drop of the region 215, on the continued depreciation of the digital currency.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
