Ethereum ETH/USD is traded at the level of 319. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level 300 is expected to be tested near the level of 300, from which we should expect a rebound and a growth attempt with a target at level 370.
Ethereum prediction & analysis ETH/USD on August 24, 2017
Earlier we received a weak signal for sales of the Ethereum cryptocurrency, by crossing the signal lines at level 311. Cancellation of the Ethereum growth scenario will be a breakdown The lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 285, which indicates the change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with a breakdown of the area of 350. In case of breakdown of the level 285, do not exclude a strong fall of the cryptocurrency in the beginning of the development of the reversal forex model of the «Head and Shoulders».
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