Ethereum ETH/USD is trading at 248. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. Ichimoku Kinko Hyo indicator area signal lines are expected near the level 235, from which one can expect an attempt of growth and further development of the bullish trend for ETH/USD with the target of growth near the level of 295.
Ethereum ETH/USD prediction & analysis on August 6, 2017
An additional signal for the growth of the cryptocurrency quotes will be the test of the support area. Earlier, a weak signal was received for buying of the Ethereum cryptocurrency, due to the crossing of the signal lines at the level of 191.60. The cancellation of the growth of Ethereum quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 195, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the local maximum area at 255.
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