Ethereum ETH/USD ends the trading week at 119 and continues to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and maintain the test level near the area of 105. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 245.
Ethereum Forecast and Analysis February 18 — 22, 2019
A test of the support line on the relative strength index (RSI) will be in favor of the growth of ETH/USD quotes on the current trading week of February 18 — 22, 2019. Cancellation of the growth option will be a fall and a breakdown of level 70. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below level 45. Confirmation of the growth of cryptocurrency Ethereum will break the resistance area and close the quotes above level 135.
Ethereum Forecast and Analysis February 18 — 22, 2019 suggests an attempt to test the support area near the level of 105. Where should we expect a rebound and continued growth of cryptocurrency in the area above 245. An additional signal in favor of Ethereum growth will be a test of the trend line on the relative strength index (RSI). Cancellation option lift will fall and the breakdown of the area 70. In this case, we should expect a continuation of the decline.