Ethereum ETH/USD are traded at 285 and continue to move within the bearish channel. At this point, we should expect an attempt to test the upper boundary of the channel area of 290. Where again we should expect a rebound and the continued decline in the Ethereum rate with a goal below the level of 190.
Ethereum (ETH/USD) technical analysis August 21, 2018
In favor of falling quotations ETH/USD will form a reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). Cancellation of the variant of the cryptocurrency fall will be a strong growth and breakdown of the level of 320, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of ETH/USD above the level of 365. With the breakdown of the support area and the closing of quotes below the level of 265, it is necessary to confirm the confirmation of the development of the bearish movement in Ethereum.
Ethereum (ETH/USD) technical analysis August 21, 2018 suggests an attempt to test the resistance area near the level of 290, from which it is expected to rebound and continue falling of the ETH/USD cryptocurrency to the area below the level of 190, an additional signal in favor of the Ethereum fall will be the formation of a reversal model on indicator of relative strength index (RSI).
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