Ethereum forecast & analysis ETH/USD on November 1, 2017


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Ethereum ETH/USD is traded at the level of 306. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The test area of ​​Ichimoku Kinko Hyo signal lines near the level 300 is expected, from which we should expect a rebound and an attempt to continue growth with a target at 330.

Ethereum forecast & analysis ETH/USD on November 1, 2017

Ethereum forecast & analysis ETH/USD on November 1, 2017

An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model. Previously received signal strength average for buy of the cryptocurrency Ethereum, due to the crossing of the signal lines at 294. Cancellation option Ethereum growth will sample cloud base Ichimoku Kinko Hyo with closing quotations below the area 290 that indicates to replace the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown level of 315.

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