Ethereum ETH/USD are traded at 944 and continue to move in the fall. At this point, we should expect an attempt to test the resistance level near the area of 965. Where again we should expect a rebound and the continued fall of the Ethereum rate with a target below 710.
Ethereum forecast & technical analysis February 5, 2018
In favor of falling quotations, ETH/USD will test the resistance line on the relative strength index (RSI), and also the formation of a reversal pattern «Head and Shoulders» on the chart of the indicator. The reversal of the fall option will be a strong growth and a breakdown of the level of 1050, which will indicate a breakdown of resistance and the continuation of the growth of ETH/USD. Expect to accelerate the fall is the breakdown of the lower boundary of the «Wedge» model and the closure below 870.
Ethereum forecast & technical analysis February 5, 2018 expects a test of the level of 965, from which it is expected to rebound and continue falling to the area below the level of 710, an additional signal for the fall of Ethereum will be a test of the resistance line on the indicator of relative strength index (RSI).
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