Ethereum ETH/USD completes the trading week near area 281. Cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. Ichimoku Kinko Hyo’s lower bound is expected near the level of 285, where we expect a rebound and an attempt to drop the cryptocurrency with a target at 250.
Ethereum weekly forecast on October 23 — 27, 2017
Earlier, we received a medium strength signal for buy of the Ethereum cryptocurrency, by crossing the signal lines at level 275. By abolishing the Ethereum fall, breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 305, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations ETH/USD is with the breakdown of the lower boundary of the «Triangle» and closing below the level of 235.
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