ETH/USD are trading at 180.76 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 20 027 137 001. Moving averages indicate the presence of a short-term lateral trend for Ethereum. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 170.45. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 220.05.
Ethereum Forecast and ETH/USD Analysis November 19, 2019
An additional signal in favor of the rise in ETH/USD quotes will be a test of the support line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the level of 155.05. This will indicate a breakdown of the support area and a continued decline in ETH/USD quotes below the level of 145.05. With the breakdown of the upper boundary of the «Triangle» model and the closing of quotes above 200.05, we should expect confirmation of the development of growth in Ethereum.
Ethereum Forecast and ETH/USD Analysis November 19, 2019 implies an attempt to correct and test the support area near the level of 170.45. Where can we expect a rebound and continued growth of the ETH/USD cryptocurrency in the region above the level of 220.05. An additional signal in favor of the rise in Ethereum will be a test of the trend line on the relative strength index (RSI). The cancellation of the digital currency growth option will be the breakdown of the 155.05 area. Which will indicate a continued fall with a potential target below the level of 145.05.