Ethereum weekly forecast on November 13 — 17, 2017


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Ethereum ETH/USD completes the trading week near area 317. Cryptocurrency is traded above the upper boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend in Ethereum. Ichimoku Kinko Hyo is expected to test the upper limit near level 295, from which it is expected to attempt a rebound and continue the growth of the crypto currency with a target at level 370.

Ethereum weekly forecast on November 13 — 17, 2017

Ethereum weekly forecast on November 13 — 17, 2017

Earlier, a weak signal was received for sell of the Ethereum cryptocurrency, by crossing the signal lines at level 312. By abolishing the growth option Ethereum breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of ​​275, which indicates the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations ETH/USD stands with the breakdown of the upper limit of the model «Triangle» and the closure above the level of 390.

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