Ethereum ETH/USD is traded at 426. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. Ichimoku Kinko Hyo Cloud near the 410 level is expected to be tested near the level 410, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at the level of 455.
Ethereum prediction & analysis ETH/USD on December 2, 2017
An additional signal in favor of growth is the formation of the «Head and Shoulders» reversal model.
Earlier, a weak signal was received for the sale of the Ethereum cryptocurrency, by crossing the signal lines at level 465. The abolition of the Ethereum growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below the 400 area, which indicates a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 480.
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