Ethereum ETH/USD ends the trading week at 142.23 and continues to move as part of the fall and the bearish channel. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue to decline and test the support level near the area of 125.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above 265.05.
Ethereum Forecast and Analysis December 16 — 20, 2019
An additional signal in favor of raising the ETH/USD quotes for the current trading week December 16 — 20, 2019 will be a test of the rising support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the downward channel. Cancellation of the growth option will be a fall and a breakdown of the level of 80.05. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 60.55. A confirmation of the growth of the Ethereum cryptocurrency will be a breakdown of the upper border of the downward channel and closing quotes above the level of 195.05.
Ethereum Forecast and Analysis December 16 — 20, 2019 implies an attempt to test the support area near the level of 125.05. Where can we expect a rebound and continued growth of the cryptocurrency in the region below the level of 265.05. An additional signal in favor of the rise in the Ethereum course will be a test of the support line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 80.05 area. In this case, we should expect continued decline with the target below 60.55.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
