Ethereum ETH/USD is trading at 139.00 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 Ethereum Forecast and Analysis ETH/USD March 17, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 135.05. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the target below the level of 160.00.
Ethereum Forecast and Analysis ETH/USD March 17, 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 upper boundary of the model «Triangle». Earlier, a medium strength signal was received for BUY Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at 131.45. The nearest resistance area is at 145.00. The area of support for ETH/USD is at 135.00.
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 upward trend in favor of the downward trend and the continuation of the fall of the cryptocurrency. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 145.00.
Ethereum Forecast and Analysis ETH/USD March 17, 2019 imply an attempt to develop a cryptocurrency correction and a test level of 135.05. Where can we expect to continue the growth of Ethereum with a potential target near the level of 160.00. 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 below 120.00.