Ethereum Forecast and Analysis July 15 — 19, 2019


Ethereum ETH/USD ends the trading week at 273.92 and continues to move within the correction and the ascending channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and support the test level near the area of ​​235.00. Where can we expect a rebound again and the continuation of the growth rate of Ethereum with a potential target above the level of 425.00.

Ethereum Forecast and Analysis July 15 — 19, 2019

A test of the upward support line on the relative strength indicator will be in favor of lifting the ETH/USD quotes on the current trading week from July 15 — 19, 2019. 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 165.00. Confirmation of the growth of cryptocurrency Ethereum will make a breakdown of the resistance area and closing quotes above the level of 335.00.

Ethereum Forecast and Analysis July 15 — 19, 2019

Ethereum Forecast and Analysis July 15 — 19, 2019 implies an attempt to test the support area near the level of 235.00. Where can we expect a rebound and continued growth of cryptocurrency in the area above the level of 425.00. An additional signal in favor of the rise of Ethereum will be a test of the trend line on the relative strength indicator. Cancellation of 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 the area of ​​165.00.


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