Ethereum ETH/USD traded at 865 and continue to move within the downlink. Quotations could not break through the resistance area. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of 870. Where again we should expect a rebound and the continued decline of the Ethereum with a target below 650.
Ethereum forecast & technical analysis February 15, 2018
In favor of falling quotes ETH/USD, a resistance line test will be performed on the relative strength index (RSI). Cancellation of the variant of the fall will be a strong growth and breakdown of the level of 950, which will indicate the breakdown of the resistance area and the continuation of the growth of ETH/USD above the level of 1250. With the breakdown of support and the closing of quotes below 750, it is necessary to confirm the development of the bearish trend in Ethereum.
Ethereum forecast & technical analysis February 15, 2018 suggests an attempt to test the level of 870, from which it is expected to rebound and continue falling to the area below the level of 650, an additional signal for the fall of Ethereum will be a test of the trend line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
