Ethereum ETH/USD ends the trading week at 133 and continues to move as part of the correction. Moving averages indicate a downward trend. At the moment, we should expect an attempt to fall and test the level of support near area 115. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 185.
Ethereum Forecast and Analysis March 11 — 15, 2019
The 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 March 11 — 15, 2019. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the growth option will be a fall and a breakdown of level 105. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below level 65. Confirmation of the growth of cryptocurrency Ethereum will break the resistance area and close the quotes above level 155.
Ethereum Forecast and Analysis March 11 — 15, 2019 implies an attempt to test the support area near the level of 115. Where should we expect a rebound and continued growth of cryptocurrency in the area above the level of 185. An additional signal in favor of the growth of Ethereum 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 105. In this case, we should expect continued decline target below area 80.
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