ETHEREUM ETH/USD has completed the trading month near the level of 250. Quotes of the currency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for ETHEREUM. At the moment, quotations ETHEREUM test the lower boundary of the bands of the indicator Bollinger Bands. It is expected that the quotations will fall to the moving average at 250, where again we should expect an attempt to continue growth and further development of the bullish trend in the ETHEREUM cryptocurrency with the target of falling near 400 in July 2017.
ETHEREUM ETH/USD forecast and analysis on July 2017
The conservative area for ETHEREUM buying lies near the lower border of the Bollinger Bands Level 240. The canceling of the option of continuing the growth of the ETH/USD cryptocurrency will be a breakdown of the lower border area of the Bollinger Bands indicator strips, as well as a moving average with a level of 55 and the closing of quotations ETHEREUM below area 190, which indicates a change in the trend in favor of the bearish on ETH/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the cryptocurrency into the area below the level of 450.
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