Ethereum ETH/USD are trading at 88 and continue to move within the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $9 373 988 298. Moving averages indicate a bearish trend in Ethereum. At the moment, we should expect an attempt to correct and test the resistance level near the area of 90. Where again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below level 65.
Ethereum forecast & technical analysis December 14, 2018
An additional signal in favor of ETH/USD quotes reduction is a test of the trend line on the relative strength index (RSI). As well as a rebound from the upper limit of the model «Triangle“. Cancellation of the cryptocurrency decline option will be a strong growth and a breakdown level of 105. This will indicate a breakdown of the resistance area and continued growth in ETH/USD quotes above 135. With the breakdown of the support area and the closure of quotes below 80, expect the acceleration of the downward movement in Ethereum.
Ethereum forecast & technical analysis December 14, 2018 suggests an attempt to test the resistance area near the level of 90. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 65. An additional signal in favor of Ethereum reduction will be a test of the trend line on relative strength index (RSI). Cancellation of the option of falling digital currency will be a breakdown of the area 105. That would indicate continued growth with a potential target above level 135.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
