Ethereum ETH/USD is trading at 137.26 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 by Ethereum. As part of the Ethereum Forecast and Analysis ETH/USD March 8, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 133.55. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the goal above the level of 152.00.
Ethereum Forecast and Analysis ETH/USD March 8, 2019
An additional signal in favor of raising cryptocurrency will be the test area of support. Earlier, a weak signal was received for BUY the Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 131.55. The nearest resistance area is at 145.00. 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 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 145.00.
Ethereum Forecast and Analysis ETH/USD March 8, 2019 imply an attempt to develop a cryptocurrency correction and a test level of 133.55. Where can we expect to continue the growth of Ethereum with a potential target near the level of 152.00. 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 115.00.