Ethereum ETH/USD are trading at 114 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $ 11,821,985,720. At the moment, we can expect an attempt to correct and test the resistance level near 120. Where again we can expect a rebound and the continuation of the fall of Ethereum with a potential target below 85.
Ethereum forecast & technical analysis November 27, 2018
An additional signal in favor of the drop in ETH/USD quotes will be the testa area of resistance on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of 125. This will indicate a breakdown of the resistance area and continued growth of ETH/USD quotes above the level of 145. With the breakdown of the lower border of the channel and closure of the quotes below 90, we should expect an acceleration of downward movement in Ethereum.
Ethereum forecast & technical analysis November 27, 2018 suggests an attempt to test the resistance area near the level of 120. Where should we expect a rebound and the continuation of the fall of the ETH/USD cryptocurrency to an area below 85. 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 125 will be the cancellation of the option to reduce the digital currency. This will indicate continued growth with a potential target above the level of 145.
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