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Ethereum prediction & analysis ETH/USD on September 24, 2017

Ethereum prediction & analysis ETH/USD on September 24, 2017


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Ethereum ETH/USD is traded at 282. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Ethereum. The test of the upper bound of the Cloud of the indicator near the level 270 is expected, from which one should expect a rebound and an attempt of growth with a target at the level of 340.

Ethereum prediction & analysis ETH/USD on September 24, 2017

An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model. Earlier, a weak signal was received for the sale of the Ethereum cryptocurrency, by crossing the signal lines at level 271. The cancellation of the Ethereum growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below the 245 area, which indicates a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations ETH/USD is with a breakdown level of 300.

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