Ethereum ETH/USD are traded at 135 and continue to move as part of the correction and the beginning of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $14 713 683 126. Moving averages indicate the presence of an upward trend in Ethereum. At the moment, we should expect an attempt to fall and a test of the support level near the area of 130. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 160.
Ethereum Forecast and ETH/USD Analysis March 19, 2019
An additional signal in favor of the growth of ETH/USD quotes will be a test of the rising trend line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the model «Triangle». Cancellation of the cryptocurrency growth option will be a fall and a breakdown of level 120. This will indicate a breakdown of support and the continuation of the fall in ETH/USD quotes below 105. With the breakdown of the resistance area and the closure of quotes above 145, we can expect an acceleration of the upward movement on Ethereum.
Ethereum Forecast and ETH/USD Analysis March 19, 2019 implies an attempt to test the support area near the level of 130. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the level of 160. An additional signal in favor of Ethereum growth will be a test of the trend line on relative strength index (RSI). The cancellation of the growth option of the digital currency will be made by the breakdown of area 120. This will indicate a continuation of the fall with a potential target below level 105.
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