Ethereum ETH/USD ends the trading week at the level of 151 and continues to move as part of the decline and the beginning of the development of the «Triangle» model. Moving averages indicate a downward trend. At the moment, we should expect an attempt to fall and maintain the test level near the area of 155. Where once again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below level 95.
Ethereum Forecast and Analysis April 29 — May 3, 2019
In favor of reducing the quotes of ETH/USD on the current trading week of April 29 — May 3, 2019, a resistance line test on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the fall option will be a strong growth and a breakdown of level 175. This will indicate a breakdown of the resistance area and continued growth of ETH/USD with a potential target above level 215. Confirmation of the fall of cryptocurrency Ethereum will break the support area and close quotes below level 135.
Ethereum Forecast and Analysis April 29 — May 3, 2019 implies an attempt to test the resistance area near the level of 155. Where should we expect a rebound and the continuation of the fall of cryptocurrency in the area below the level of 95. An additional signal in favor of reducing Ethereum will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and the breakdown of the area 175. In this case, we should expect a continuation of the rise with the goal above the area 215.
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