Ethereum ETH/USD is trading at 133.60 and continues to move as part of the correction. ETH/USD cryptocurrency moves above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend on Ethereum. As part of the Ethereum Forecast and Analysis ETH/USD March 12, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 132.25. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the goal above the level of 160.00.
Ethereum Forecast and Analysis ETH/USD March 12, 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 boundaries 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 132.65. The nearest resistance area is at 140.00. The area of support for ETH/USD is located at 130.00.
The cancellation of the Ethereum cryptocurrency growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 129.00 area. Such a scenario would indicate a change in the bullish trend in favor of a downward trend and the continuation of a fall in cryptocurrency. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 142.00.
Ethereum Forecast and Analysis ETH/USD March 12, 2019 imply an attempt to develop a cryptocurrency correction and a test level of 132.25. Where can we expect to continue the growth of Ethereum with a potential target near the level of 160.00. Cancellation option lift will make the fall and the breakdown of the area 129.00. This will indicate a continued decline in the rate of digital currency with a potential target above 115.00.