Ethereum ETH/USD are traded at the level of 702 and continue to move within the bearish trend. At this point, we should expect an attempt to test the upper limit of the «Triangle» model near the area of 730. Again, we expect a rebound and the continued decline in the Ethereum rate with a target below 600. In favor of falling quotations, ETH/USD will test the resistance line on the indicator of relative strength index (RSI), and also the formation of the «Head and Shoulders» model.
Ethereum forecast & technical analysis on March 14, 2018
The cancellation of the fall option will be a strong growth and breakdown of the level of 760, which will indicate the breakdown of the «Triangle» model and the continuation of the growth of ETH/USD above the level of 850. With the breakdown of the support area and the closing of quotes below the level of 650, one should expect confirmation of the development of the bearish trend in Ethereum.
Ethereum forecast & technical analysis on March 14, 2018 expects a test of the resistance level near the area of 730, from which it is expected to rebound and continue falling to the area below the level of 600, an additional signal for the fall of Ethereum will be a test of the bearish trend line on the indicator of relative strength index (RSI).
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