Ethereum ETH/USD traded at 172 and continues to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $18 146 128 552. At the moment, we can expect an attempt to test the upper limit of the downward channel near the area of 180. Where again we should expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below 150.
Ethereum forecast & technical analysis November 16, 2018
An additional signal in favor of the drop in ETH/USD quotes will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency decline option will be a strong growth and a breakdown of the level of 185. This will indicate a breakdown of the upper limit of the downward channel and continued growth of the ETH/USD quotes above the level of 210. With the breakdown of the support area and closing of the quotes below the level of 160, we should expect confirmation of the downward movement in Ethereum.
Ethereum forecast & technical analysis November 16, 2018 suggests an attempt to test the resistance area near the level of 180. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to below 150. 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 185. This option will indicate continued growth with a potential target above the level of 210.
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