Ethereum ETH/USD ends the trading week at 180.75 and continues to move as part of the decline and the rising channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and test the support level near the area of 155.00. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 245.00.
Ethereum Forecast and Analysis August 19 — 23, 2019
In favor of raising the ETH/USD quotes for the current trading week of August 19 — 23, 2019, a test of the support line on the relative strength index (RSI) will come out. The second signal will be the formation of the rising «Wolfe Wave» model. Cancellation of the growth option will be a fall and a breakdown level of 120.00. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 85.00. A confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the resistance area and closing of quotations above the level of 195.00.
Ethereum Forecast and Analysis August 19 — 23, 2019 implies an attempt to test the support area near the level of 155.00. Where can we expect a rebound and continued growth of the cryptocurrency in the region above the level of 245.00. An additional signal in favor of the rise in Ethereum will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the area of 120.00. In this case, we should expect continued decline with a target below the area of 85.00.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
