Ethereum ETH/USD is trading at 156.84 and continues to move in the framework of strong growth and the beginning of the development of the «Triangle» model. 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 February 25, 2019. A test of the area of the Ichimoku Kinko Hyo signal lines is expected near the 150.00 level. Where should we expect a rebound and an attempt to continue the growth of ETH/USD with the goal above the level of 180.00.
Ethereum Forecast and Analysis ETH/USD February 25, 2019
An additional signal in favor of raising cryptocurrency will be the test area of support. As well as a rebound from the lower boundary of the rising channel. Earlier, a strong signal was received for BUY of Ethereum cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 121.00. The nearest resistance area is at 165.00. The support area for ETH/USD is at 150.00.
The cancellation of the Ethereum cryptocurrency growth option will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closure below the 135.00 area. Such a scenario would indicate a change in the bullish trend in favor of the bearish trend and the continuation of the fall of the cryptocurrency. ETH/USD is expected to accelerate the growth of quotations with the breakdown of the upper limit of the «Triangle» model and closing above the level of 151.00.
Ethereum Forecast and Analysis ETH/USD February 25, 2019 imply an attempt to develop a cryptocurrency correction and a test level of 150.00. Where can we expect to continue the growth of Ethereum with a potential target near the level of 180.00. Cancellation option lift will make the fall and the breakdown of the area 135.00. This will indicate a continued decline in the rate of digital currency with a potential target below 120.00.