Ethereum ends the trading week at 124 and continues to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt of growth and a test of the upper limit of the downward channel near region 140. Where again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below level 65.
Ethereum Forecast and Analysis ETH/USD January 14 — 18, 2019
The formation of the «Failure Swing» reversal pattern on the relative strength index (RSI) will be in favor of the drop in ETH/USD quotes on the current trading week of January 14 — 18, 2019. Cancellation of the fall option will be a strong growth and a breakdown of the level of 185. This will indicate a breakdown of the upper boundary of the channel and continued growth of ETH/USD with a potential target above the level of 245. Confirmation of the fall of the cryptocurrency Ethereum will break the lower boundary of the rising channel and close the quotes below 100.
Ethereum Forecast and Analysis ETH/USD January 14 — 18, 2019 suggests an attempt to test the resistance area near the level of 140. Where should we expect a rebound and the continuation of the fall of cryptocurrency in the area below the level 65. An additional signal in favor of reducing Ethereum will be the formation of a reversal pattern on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 185. In this case, we should expect continued growth.
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