Ethereum Forecast and Analysis July 1 — 5, 2019


Ethereum ETH/USD ends the trading week at the level of 304.56 and continues to move within the growth and ascending channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and maintain the test level near the area of ​​255.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 615.00.

Ethereum Forecast and Analysis July 1 — 5, 2019

In favor of the rise of ETH/USD quotes on the current trading week of July 1 — 5, 2019, a test of the upward support line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower lower boundary of the rising channel. Cancellation of the growth option will be the fall and the breakdown of the level of 205.00. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below 145.00. Confirmation of the growth of the cryptocurrency Ethereum will make a breakdown of the resistance area and closing quotes above the level of 365.00.

Ethereum Forecast and Analysis July 1 — 5, 2019

Ethereum Forecast and Analysis July 1 — 5, 2019 implies an attempt to test the support area near the level of 255.00. Where can we expect a rebound and continued growth of cryptocurrency in the region above the level of 615.00. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be the fall and the breakdown of the area of ​​205.00. In this case, we should expect a continuation of the decline with the target to be below 145.00.


Join our Telegram Channel

Post Comment