Ethereum ETH/USD are trading at 209 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $21 822 232 501. At the moment, we should expect an attempt to test the resistance level near the region 210. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with the potential target below 195.
Ethereum forecast & technical analysis November 13, 2018
An additional signal in favor of reducing the ETH/USD quotes will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of 220. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above 250. With the breakdown of the support area and closure of quotes like the 205 level, we should expect confirmation of the development of a downward movement in Ethereum.
Ethereum forecast & technical analysis November 13, 2018 suggests an attempt to test the resistance area near the level of 210. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to below 195. An additional signal in favor of Ethereum reduction will be a test of the trend line on relative strength index (RSI). Cancellation of the option of falling digital currency will be the breakdown of the area 220. This option will indicate continued growth with a potential target above the level of 250.
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