Ethereum completes the trading week near the area of 134. ETH/USD quotes are trading above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend on Ethereum. As part of the digital asset exchange rate forecast for the current week of March 11 — 15, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 120. Where should we expect an attempt to rebound and continued growth of cryptocurrency with a target at 195.
Ethereum Analysis and Forecast March 11 — 15, 2019
An additional signal in favor of the rise of cryptocurrency will be a test of the support level. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for SELL the Ethereum. The signal was formed due to the intersection of the signal lines at the level of 133. The nearest resistance area is located at the level of 160. The ETH/USD support area is located at the level of 120.
The cancellation of the growth option of Ethereum will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below area 100. This will indicate a change in the upward trend in favor of the downward trend. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 165.
Ethereum Analysis and Forecast March 11 — 15, 2019 suggests an attempt to develop a correction to the level of 120. Where should we expect a rebound and continued growth of cryptocurrency with a target near the level of 195. This week, a test of the support level will be in favor of lifting ETH/USD quotes. Cancellation of the growth option will be the fall and the breakdown of the area 100. In this case, we should expect the continuation of Ethereum decline with the potential target at level 85.
