Ethereum ETH/USD is trading at 131.89 and continues to move as part of the correction and the formation of the head and shoulders model. ETH/USD cryptocurrency moves inside Ichimoku Kinko Hyo clouds. This indicates the presence of a lateral trend on Ethereum. As part of the Ethereum Forecast and Analysis ETH/USD March 14, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 130.75. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the goal above the level of 155.00.
Ethereum Forecast and Analysis ETH/USD March 14, 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 SELl the Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at 132.65. The nearest resistance area is at 140.00. The support area of ETH/USD is located at 125.00.
The cancellation of the Ethereum cryptocurrency growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and a close below the 128.00 area. Such a scenario would indicate a change in the side 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 14, 2019 imply an attempt to develop a cryptocurrency correction and a test level of 130.75. Where can we expect to continue the growth of Ethereum with a potential target near the level of 155.00. Cancellation of the lifting option will be the fall and the breakdown of the area of 128.00. This will indicate a continued decline in the rate of digital currency with a potential target above 110.00.