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 $13 740 200 414. At the moment, we can expect an attempt to correct and test the resistance level near the area of 140. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 100.
Ethereum forecast & technical analysis November 23, 2018
An additional signal in favor of a 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 a breakdown of the level of 150. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above the level of 190. With the breakdown of the lower border of the «Triangle» model and the closing of quotes below 120, we should expect confirmation of the downward movement on Ethereum.
Ethereum forecast & technical analysis November 23, 2018 suggests an attempt to test the resistance area near the level of 140. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to below 100. An additional signal in favor of Ethereum falling will be a test of the trend line on relative strength index (RSI). Breaking the option of reducing the digital currency will be the breakdown of the region 150. This will indicate continued growth with a potential target above the level of 190.
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