Ethereum ETH/USD are trading at 154 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $16 369 637 562. At the moment, we can expect an attempt to correct and test the resistance level near the region 165. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 135.
Ethereum forecast & technical analysis November 20, 2018
An additional signal in favor of the drop in ETH/USD quotes will be a test of a broken trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of the level of 180. This will indicate a breakdown of the resistance area and continued growth of the ETH/USD quotes above the level of 200. With the breakdown of the support area and closing of the quotes below the level of 145, we should expect confirmation of the downward movement in Ethereum.
Ethereum forecast & technical analysis November 20, 2018 suggests an attempt to test the resistance area near the level of 165. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to the area below 135. An additional signal in favor of Ethereum falling will be a test of the trend line on relative strength index (RSI). The breakdown of the area 180 will cancel the option of reducing the digital currency. This will indicate continued growth with a potential target above the level of 200.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
