Ethereum ETH/USD completes trading week near area 482. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. Ichimoku Kinko Hyo signal line area test is near the 445 level, from which it is expected to attempt a rebound and continue the growth of the cryptocurrency with a target at the level of 600.
Ethereum weekly forecast November 27 — December 1, 2017
An additional signal for the growth of the crypto currency will come from the test of the broken bullish channel. Earlier, a medium strength signal was obtained for buy of Ethereum cryptocurrency due to the intersection of signal lines at level 314. The abolition of the Ethereum growth scenario would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below area 380, which would indicate an bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with a breakdown of the level of 500.
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