Ethereum ETH/USD is traded at the level of 339. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near the 335 level is expected, from which we should expect a rebound and a growth attempt with a target at 390. An additional signal in favor of the growth of the cryptocurrency will be the breakdown of the upper boundary of the «Triangle» model.
Ethereum prediction & analysis ETH/USD on October 16, 2017
Earlier, a medium strength signal was obtained for the buy of the Ethereum cryptocurrency, by crossing the signal lines at level 300. The abolition of the Ethereum growth scenario would be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below area 310, which would indicate an bullish trend in favor of a bearish. Expect to accelerate the growth of quotations ETH/USD stands with a breakdown of the level of 345.
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