Ethereum ETH/USD are trading at 118 and continue to move as part of the decline and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $12 719 755 239. Moving averages indicate a downward trend in Ethereum. At the moment, we should expect an attempt to grow and test the resistance level near the region of 120. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential goal below the level of 90.
Ethereum Forecast and ETH/USD Analysis January 18, 2019
An additional signal in favor of a drop in ETH/USD quotes is a test of the downward trend line on the relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the cryptocurrency fall option will be a strong growth and a breakdown of the level of 140. This will indicate a breakdown of resistance and the continuation of the fall of ETH/USD quotes above the level of 160. With the breakdown of the support area and closing of the quotes below the level of 110, we should expect the downward movement development on Ethereum to accelerate.
Ethereum Forecast and ETH/USD Analysis January 18, 2019 suggests an attempt to test the resistance area near the level of 120. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below the level of 90. An additional signal in favor of Ethereum decline is a test of the trend line on relative strength index (RSI). Cancellation of the option of falling digital currency will be the breakdown of the area 140. That would indicate continued growth with a potential target above the level of 160.
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