Ethereum ETH/USD are traded at 113 and continue to move as part of the decline and start to work on the Triangle model. Cryptocurrency capitalization at the time of the publication of the forecast is $ 12,254,576,158. Moving averages indicate a downward trend in Ethereum. At the moment, we should expect an attempt of growth and a test of the resistance level near the region of 115. Where again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below the level of 90.
Ethereum Forecast and ETH/USD Analysis January 22, 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 model «Triangle». Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of the level of 135. 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 the closing of quotes below the level of 105, we should expect an acceleration of the downward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis January 22, 2019 implies an attempt to test the resistance area near the level of 115. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to below 90. An additional signal in favor of Ethereum reduction will be 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 135. That will indicate continued growth with a potential target above the level of 160.
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