Ethereum forecast & analysis ETH/USD on October 30, 2017


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Ethereum ETH/USD is traded at the level of 304. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. The breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud near the 310 level is expected, from which we should expect a rebound and an attempt to continue growth with the target at 335.

Ethereum forecast & analysis ETH/USD on October 30, 2017

Ethereum forecast & analysis ETH/USD on October 30, 2017

An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal pattern. Earlier, a medium strength signal was obtained for buy of Ethereum cryptocurrency, by crossing the signal lines at level 294. Canceling the Ethereum growth variant would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 290, which indicates a change in the flat 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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