Ethereum ETH/USD are trading at 130 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $13 772 354 382. At the moment, we can expect an attempt to correct and test the resistance level near the region of 150. Where again we can expect a rebound and the continuation of the fall in the rate of Ethereum with a potential target below 90.
Ethereum forecast & technical analysis November 21, 2018
An additional signal in favor of the drop in ETH/USD quotes will be a test of the downward trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the level of 165. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above the level of 200. With the breakdown of the support area and closing of the quotes below 115, we should expect confirmation of the development of a downward movement in Ethereum.
Ethereum forecast & technical analysis November 21, 2018 suggests an attempt to test the resistance area near the level of 150. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to below 90. 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 digital currency reduction option will be canceled by the area 165. That 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
