Ethereum ETH/USD are trading at 134 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $14 719 801 282. Moving averages indicate a bearish trend in Ethereum. At the moment, we should expect an attempt to fall and a test of the support level near the area of 127. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 150.
Ethereum Forecast and ETH/USD Analysis March 7, 2019
An additional signal in favor of the growth of ETH/USD quotes will be a test of the downward trend line on the relative strength index (RSI). The second signal will be the formation of the «Head and Shoulders» reversal pattern. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of level 120. This will indicate a breakdown of support and a continuation of the fall in ETH/USD quotes below 105. With the breakdown of the resistance area and the closure of quotes above 140, we can expect an acceleration of the upward movement on Ethereum.
Ethereum Forecast and ETH/USD Analysis March 7, 2019 implies an attempt to test the support area near the level of 127. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency in the area above the level of 150. 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 digital currency growth option will be made by the breakdown of area 120. This will indicate a continuation of the fall with a potential target below level 105.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
