Ethereum ETH/USD is trading at 209 and continues to move as part of its growth. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an upward trend in Ethereum. As part of the Ethereum prediction & analysis ETH/USD November 6, 2018, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 205. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with a target above the level of 225.
Ethereum prediction & analysis ETH/USD November 6, 2018
An additional signal in favor of the growth of cryptocurrency will be the test of the support level, as well as the test of the lower boundary of the ascending channel. Earlier, a weak signal was received for SELL the Ethereum cryptocurrency, due to the intersection of signal lines at the level of 207.
The cancellation of the Ethereum cryptocurrency growth option will be the breakdown of the Ichimoku Kinko Hyo Cloud and the closure below area 203. Such a scenario will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall in cryptocurrency. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the 215 level.
Ethereum prediction & analysis ETH/USD November 6, 2018 suggests an attempt to develop a correction of cryptocurrency and test level 205, from which we can expect the continuation of the growth of Ethereum with a potential target near level 225. The cancellation of the growth option will be a fall and a breakdown of the area 203, indicating on the continued depreciation of the digital currency.