Ethereum ETH/USD is traded at the level of 283 and continues to move within the framework of the formation of the «Triangle» model. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Ethereum. As part of the forecast of the digital currency exchange rate, the Ichimoku Kinko Hyo Cloud upper bound test is expected near the 280 level, from which one should expect a rebound and an attempt to continue the growth of ETH/USD with a target higher than 310 level.
Ethereum forecast & analysis ETH/USD September 2, 2018
An additional signal in favor of the growth of the cryptocurrency will be a support level test, as well as a rebound from the lower bound of the «Triangle» model. Earlier, a medium strength signal was received to sell the Ethereum cryptocurrency, by crossing the signal lines at level 280.
The abolition of the growth of the Ethereum cryptocurrency will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below area 265, which indicates a change in the lateral trend in favor of the bearish trend and the continued fall of the cryptocurrency. To expect confirmation of the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 295.
Ethereum forecast & analysis ETH/USD September 2, 2018 suggests an attempt to develop a correction of the cryptocurrency and a test of the level 280, from which it is expected to continue the growth of the Ethereum rate with a potential target near level 310, the abolition of the growth option will drop and the breakdown of the region 265, which will indicate on the continued decline in the digital currency.
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