Ethereum ETH/USD are trading at 252.54 and continue to move as part of the growth and formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $26 741 479 854. Moving averages indicate a short-term 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 245. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 305.
Ethereum Forecast and ETH/USD Analysis May 22, 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 «Triangle» model. Cancellation of the cryptocurrency growth option will be a fall and a breakdown of 210. This will indicate a breakdown of the lower boundary of the ascending channel and the continuation of the drop in ETH/USD quotes below 185. With the breakdown of the resistance area and the closure of quotes above 275, we should expect an acceleration of the upward movement in Ethereum.
Ethereum Forecast and ETH/USD Analysis May 22, 2019 implies an attempt to test the support area near the 245 level. Where should we expect a rebound and continued growth of the ETH/USD cryptocurrency to an area above the 305. An additional signal in favor of the rise of Ethereum is the trend line test for relative strength index (RSI). The cancellation of the option of growth of the digital currency will be made by the breakdown of the area 210. That will indicate the continuation of the fall with the potential target below the level of 185.
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