Ethereum ETH/USD is traded at the level of 310. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test near the level 300 is expected, from which one should expect a rebound and a growth attempt with a target at level 350.
Ethereum forecast & analysis ETH/USD on October 9, 2017
Earlier, a medium strength signal was obtained for buy of Ethereum cryptocurrency, by crossing the signal lines at level 293. By canceling the growth scenario Ethereum will breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 285, which indicates the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown level of 315.
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