Ethereum is trading at 165.09 and continues to move as part of growth. ETH/USD cryptocurrency moves above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend on Ethereum. As part of the forecast for Ethereum on April 7, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 160.00. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the goal above the level of 190.50.
Ethereum Forecast and Analysis ETH/USD April 7, 2019
An additional signal in favor of raising cryptocurrency will be the test area of support. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for BUY the Ethereum cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 139.65. The nearest resistance area is located at 180.55. The area of support for ETH/USD is at 155.55.
The cancellation of the Ethereum cryptocurrency growth option will be a breakdown of the lower border of the Ichimoku Kinko Hyo Cloud and a close below the 150.00 area. Such a scenario will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of cryptocurrency. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 175.45.
Ethereum Forecast and Analysis ETH/USD April 7, 2019 implies an attempt to develop a cryptocurrency correction and a test of 160.00. Where can we expect to continue the growth of Ethereum with a potential target near the level of 190.50. Cancellation of the lifting option will be the fall and the breakdown of the area 150.00. This will indicate a continued decline in the rate of digital currency with a potential target below 130.55.