Ethereum ETH/USD is trading at 289. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in Ethereum. Ichimoku Kinko Hyo indicator cloud is expected near the level 285, from which we should expect a rebound and a growth attempt with a target at level 320. Earlier we received a weak signal for sell of Ethereum cryptocurrency, by crossing the signal lines at level 290.
Ethereum forecast & analysis ETH/USD on October 6, 2017
By canceling the growth scenario Ethereum will the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 275, which indicates a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper boundary of the «Triangle» model and closing above the level of 300.
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