Cryptocurrency Ethereum is trading at 136.34 and continues to move within the framework of the correction and the formation of the Triangle model. ETH / USD cryptocurrency moves inside Ichimoku Kinko Hyo clouds. This indicates the presence of a lateral trend on Ethereum. As part of the forecast for Ethereum on February 28, 2019. A test of the upper 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 the goal below the level of 120.00.
An additional signal in favor of reducing cryptocurrency will be the test of the resistance area. As well as a rebound from the upper limit of the model "Triangle". Earlier, a weak signal was received for Ethereum cryptocurrency sales. 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 support area of 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 152.00 area. Such a scenario would indicate a change in the lateral tendency in favor of an upward trend and the continuation of cryptocurrency growth. Expect to accelerate the fall in quotes ETH / USD stands with the breakdown of the support area and closure below 130.00.
Thus, Ethereum forecast and ETH / USD analytics for February 28, 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 120.00. The cancellation of the reduction option will be a strong growth and the breakdown of the area of 152.00. This will indicate a continued rise in the rate of digital currency with a potential target above the level of 175.00.
