Ethereum ETH/USD ends the trading week at 189.58 and continues to move as part of the decline and the formation of the bullish pattern. Moving averages indicate a flat trend. At the moment, we should expect an attempt to fall and test the support level near the area of 135.00. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 315.00.
Ethereum Forecast and Analysis August 26 — 30, 2019
In favor of raising the ETH/USD quotes for the current trading week August 26 — 30, 2019, a test of the support line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the ascending Wolfe Wave model. Cancellation of the growth option will be a fall and a breakdown of the level of 105.00. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 80.00. 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 215.00.
Ethereum Forecast and Analysis August 26 — 30, 2019 implies an attempt to test the support area near the level of 135.00. Where can we expect a rebound and continued growth of the cryptocurrency in the region above the level of 315.00. 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 105.00. In this case, we should expect continued decline with a target below the area of 80.00.
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