Ethereum ETH/USD are traded at 135 and continue to move as part of the correction and formation of the «Wedge» model. Cryptocurrency capitalization at the time of the publication of the forecast is $14 761 080 962. Moving averages indicate a bullish trend in Ethereum. At the moment, we should expect an attempt to fall and a test of the support level near the area of 135. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 145.
Ethereum Forecast and ETH/USD Analysis March 20, 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 lower boundary of the model «Wedge». Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 130. This will indicate a breakdown of support and the continuation of the fall of ETH/USD quotes below 110. With the breakdown of the resistance area and the closure of quotes above 138, we can expect an acceleration of the upward movement on Ethereum.
Ethereum Forecast and ETH/USD Analysis March 20, 2019 implies an attempt to test the support area near the level of 135. Where should we expect a rebound and continued growth of the ETH / USD cryptocurrency to an area above 145. An additional signal in favor of Ethereum growth will be a test of the trend line on relative strength index (RSI). The breakdown of the growth rate of the digital currency will be made by the breakdown of area 130. This will indicate a continuation of the fall with a potential target below 110.
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