ETH/USD is seen trading well below on Friday. The pair has retreated after jumping till $13.21 (KRAKEN). It is currently trading around $12.87 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen $13.07

Kijun-Sen $13.04

Trend reversal - $11.77 (90 days EMA)

Long-term trend remains to be neutral. In a daily chart, the pair is trading well below 21- day MA and a slight decline till 12/11.77 likely.

Major resistance is seen at $13.15 (21 day MA) and any break above targets $13.50 (Sep 29th high)/$14.45 (Sep 20th 2016). Major support is around $12.47 (55 day EMA) and break below targets $12.19 (50 –day MA)/ $11.70 (200- day MA).