Ethereum forecast & analysis ETH/USD on October 31, 2017


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Ethereum ETH/USD is traded at the level of 308. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test near the level 305 is expected, from which we expect a rebound and an attempt to continue growth with a target at 330. An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.

Ethereum forecast & analysis ETH/USD on October 31, 2017

Ethereum forecast & analysis ETH/USD on October 31, 2017

Earlier, a medium strength signal was obtained for buy of Ethereum cryptocurrency, by crossing the signal lines at level 294. Canceling the Ethereum growth variant would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 290, which indicates a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown level of 315.

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