Ethereum ETH/USD is trading at 136.49 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 20, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 133.50. 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 20, 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 Ethereum cryptocurrency purchases. The signal was formed due to the intersection of the signal lines at 131.45. The nearest resistance area is at 144.00. The area of support for ETH/USD is located at 130.00.
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 144.00.
Ethereum Forecast and Analysis ETH/USD March 20, 2019 imply an attempt to develop a cryptocurrency correction and a test of 133.50. 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 below 121.00.