Ethereum ETH/USD ends the trading week at 170 and continues to move as part of the growth and the bullish channel. Moving averages indicate an uptrend. At the moment, we should expect an attempt to fall and maintain the test level near the area of 160. Where again we should expect a rebound and continued growth of the course Ethereum with a potential target above the level of 265.
Ethereum Forecast and Analysis May 13 — 17, 2019
A test of the support line on the relative strength index (RSI) will be in favor of raising the ETH/USD quotes on the current trading week of May 13 — 17, 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 135. This will indicate a breakdown of the support area and a continued decline in ETH/USD with a potential target below the level of 105. Confirmation of the growth of cryptocurrency Ethereum will break the resistance area and close the quotes above the level of 185.
Ethereum Forecast and Analysis May 13 — 17, 2019 implies an attempt to test the support area near the level of 160. Where should we expect a rebound and continued growth of cryptocurrency in the area above the level of 265. 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 135. In this case, we should expect a continuation of the decline with the target below the area 105.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
