Ethereum ETH/USD are traded at the level of 277 and continue to move in the formation of the model «Triangle». Capitalization of the cryptocurrency at the time of publication of the forecast is $28 449 180 616. At this point, you should expect a test of the resistance level near the area of 285. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below 205.
Ethereum (ETH/USD) technical analysis August 31, 2018
In favor of declining quotations ETH/USD will test the trend line on the indicator of relative strength index (RSI). Canceling the variant of the fall of the cryptocurrency will be a strong growth and breakdown of the 310 level, which will indicate the breakdown of the upper limit of the «Triangle» model and the continuation of the growth of the ETH/USD above the level of 350. With the breakdown of the lower bound of the Triangle model and the closing of quotations below 255, downward movement on Ethereum.
Ethereum (ETH/USD) technical analysis August 31, 2018 suggests an attempt to test the resistance area near the level of 285, from which it is expected to rebound and continue falling of the ETH/USD cryptocurrency in the area below the level of 205, an additional signal in favor of Ethereum decline will be a resistance line test at an indicator of relative strength index (RSI), the abolition of the digital currency fall option, there will be a strong growth and breakdown of the 310 area, which indicates the continued growth with a potential target above the level of 350.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
