Ethereum ETH/USD is trading at 156 and continues to move as part of its growth. 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 January 8, 2019, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 150. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with a target above the level of 190.
Ethereum prediction & analysis ETH/USD January 8, 2019
An additional signal in favor of the fall in cryptocurrency will be the test of the support area. As well as a rebound from the lower boundary of the rising channel. Earlier, a medium strength signal was received for BUY the Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 125.
The cancellation of the Ethereum cryptocurrency growth option will be a breakdown of the Ichimoku Kinko Hyo Cloud lower boundary and a close below 130. This scenario will indicate a change in the upward trend in favor of the downward trend and the continuation of the cryptocurrency decline. ETH/USD is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 165.
Ethereum prediction & analysis ETH/USD January 8, 2019 imply an attempt to develop a cryptocurrency correction and a test of level 150. Where should we expect further growth of Ethereum with a potential target near the level of 190. The decline and the breakdown of the area 130 will cancel the growth option.