Ethereum ETH/USD is trading at the level of 297. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. Ichimoku Kinko Hyo Cloud near the level 295 is expected to be tested near the level of 295, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 320.
Ethereum forecast & analysis ETH/USD on November 9, 2017
Earlier, a medium strength signal was received for sell of the Ethereum cryptocurrency, by crossing the signal lines at level 291. Canceling the growth variant Ethereum will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below area 285, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with a breakdown of level 305.
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