Ethereum ETH/USD is traded at 921. The cryptocurrency is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish pattern in Ethereum. Ichimoku Kinko Hyo sign line space check is anticipated close to the extent of 875, from which we anticipate a rebound and an try to proceed the expansion of the cryptocurrency with a goal at 1080. An extra sign in favor of the expansion of the cryptocurrency is the breakdown of the higher restrict of the «Triangle» mannequin.
Ethereum forecast & analysis ETH/USD on February 16, 2018
Earlier, a medium energy sign was obtained for purchase of the Ethereum cryptocurrency, by crossing the sign traces at 820 stage. The cancellation of the Ethereum development possibility will likely be a breakdown of the higher boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes beneath the 750 space, which is able to point out a change within the bullish pattern in favor of the bearish pattern. Expect an acceleration within the development of quotations ETH/USD stands with the breakdown of the resistance space and shutting above the extent of 1000.