Ethereum ETH/USD is traded at 288. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 287, from which one should expect an attempt of growth and further development of the bull tendency on Ethereum for the target of growth near the level of 320.
Ethereum prediction & analysis ETH/USD on August 16, 2017
An additional signal in favor of growth is the test of the lower boundary of the Wedge model. Earlier, we received a weak signal for sales of the Ethereum cryptocurrency, by crossing the signal lines at the level of 303. Canceling the variant of the growth of Ethereum quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 265, 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 321.
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