Ethereum ETH/USD is trading at the level of 118 and continues to move within the framework of the correction and the formation of the «Triangle» model. Cryptocurrency is trading 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 prediction & analysis ETH/USD December 3, 2018, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 115. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with a target above the level of 140.
Ethereum prediction & analysis ETH/USD December 3, 2018
An additional signal in favor of the growth of cryptocurrency will be the test area of support. As well as a rebound from the lower boundary of the model «Triangle». Earlier, a weak signal was received for SELL the Ethereum cryptocurrency. The signal was formed due to the intersection of signal lines at level 120.
The cancellation of the Ethereum cryptocurrency growth option will be a breakdown of the Ichimoku Kinko Hyo Cloud lower boundary and a close below 110. This scenario will indicate a change in the upward trend in favor of the downward trend and a continued decline in cryptocurrency. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the upper limit of the «Triangle» model and closing above 125.
Ethereum prediction & analysis ETH/USD December 3, 2018 suggests an attempt to develop a correction of cryptocurrency and test level 115. Where should we expect continued growth of Ethereum with a potential target near level 140. The decline and growth of area 110 will cancel the growth option. This will indicate continued depreciation of the digital currency.