Ethereum ETH/USD is trading at 136.38 and continues to move as part of the correction. ETH/USD cryptocurrency moves below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend by Ethereum. As part of the Ethereum Forecast and Analysis ETH/USD March 1, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 140.00. Where should we expect a rebound and an attempt to continue the fall of ETH/USD with a target below 110.00.
Ethereum Forecast and Analysis ETH/USD March 1, 2019
An additional signal in favor of reducing cryptocurrency will be the test of the resistance area. Earlier, a weak signal was received for SELL the Ethereum cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 147.00. 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 fall option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and a close above the 151.50 area. Such a scenario would indicate a change in the downward trend in favor of the upward trend and the continued growth of cryptocurrency. Expect to accelerate the fall in quotes ETH/USD stands with the breakdown of the support area and closure below 130.00.
Ethereum Forecast and Analysis ETH/USD March 1, 2019 imply an attempt to develop a cryptocurrency correction and a test level of 140.00. Where can we expect to continue the fall of Ethereum with a potential target near the level of 110.00. Cancellation option reduction will make a strong growth and the breakdown of the area 151.50. This will indicate a continued rise in the rate of digital currency with a potential target above 165.00.