Ethereum ETH/USD is traded at 333. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Ethereum. The Ichimoku Kinko Hyo signal line area test is expected near the level 325, from which we expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 360.
Ethereum prediction & analysis ETH/USD on November 16, 2017
Earlier, a strong signal was received for buy of Ethereum cryptocurrency due to crossing of the signal lines at level 307. Canceling the growth scenario Ethereum there will be a breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes below area 305, 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 the level of 340.
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