Ethereum forecast & technical analysis October 30, 2018


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Ethereum ETH/USD are traded at 193 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $21 000 424 825. At the moment, we can expect an attempt to test the resistance level near the 195 area. Where again we should expect a rebound and the continuation of the fall of the Ethereum rate with a potential target below 175.

Ethereum forecast & technical analysis October 30, 2018

An additional signal in favor of a drop in ETH/USD quotes will be a test of the trend line on the relative strength index (RSI), as well as a test of the lower limit of the «Triangle» model. Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of 210, which will indicate a breakdown of the resistance area and continued growth in ETH/USD quotes above 235. With the breakdown of the support area and the closure of quotes below 185, we should expect confirmation of the downward movement in Ethereum.

Ethereum forecast & technical analysis October 30, 2018

Ethereum forecast & technical analysis October 30, 2018 implies an attempt to test the resistance area near the 195 level, from which we should expect a rebound and the ETH/USD cryptocurrency to fall below 175, an additional signal in favor of Ethereum falling the relative strength index (RSI), the cancellation of the option to reduce the digital currency will be a breakdown of the 210 area, which will indicate continued growth with a potential target above level 235.


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