Ethereum ETH/USD is closing the trading week near the 1266 area. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 1080 level, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target at 1650.
Ethereum (ETH/USD) weekly forecast January 15 — 19, 2018
An additional signal for the growth of the cryptocurrency will be the test of the lower border of the channel. Earlier, a strong signal was received for buy of the Ethereum cryptocurrency, due to the crossing of signal lines at 610 level. The abolition of the Ethereum growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 800, which will indicate a shift in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown of the level of 1350.
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