Ethereum ETH/USD are traded at 834 and continue to move within the framework of a bullish correction. At this point, we should expect an attempt to test the broken model of the «Triangle» of the 805 area. Again, we expect a rebound and the continued growth of the Ethereum rate with a target above the level of 940.
Ethereum forecast & technical analysis February 10, 2018
In favor of the growth of the ETH/USD quotations, a support line test will be performed on the relative strength index (RSI). Cancellation of the growth option will be a fall and breakdown of the level of 745, which will indicate the breakdown of the support area and the continuation of the fall of the ETH/USD below the level of 640. It is worthwhile to wait for the confirmation of the growth with a breakdown of the resistance level and a close above 850.
Ethereum forecast & technical analysis February 10, 2018 assumes a test of the level 805, from which it is expected to rebound and continue growth in the area above the level of 940, an additional signal for the growth of Ethereum will test the trend line on the indicator of relative strength index (RSI).
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