Ethereum ETH/USD are traded at 686 and continue to move within a bearish trend. At this point, we should expect an attempt to test the upper limit of the model «Triangle» near the area of 720. Where again we should expect a rebound and the continued decline in the Ethereum rate with a target below the level of 525.
Ethereum forecast & technical analysis on March 15, 2018
In favor of falling quotations ETH/USD will test the resistance line on the indicator of relative strength index (RSI). 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 15, 2018 expects a test of the resistance level near the area of 720, from which it is expected to rebound and continue falling to the area below the level of 525, an additional signal in favor of the Ethereum fall will be a test of the downward trend line on the indicator of relative strength index (RSI).
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