Ethereum ETH/USD continue to move within the bullish channel. At the moment, quotes are testing the support area. It is worth waiting for an attempt to test the lower border of the channel near the area of 300. Again, we should expect a rebound and an increase in Ethereum prices above the level of 365.
ETHEREUM forecast & technical analysis on October 19, 2017
In favor of the growth of quotations ETH/USD is a test of the support line on the indicator of relative strength index (RSI). The cancellation of the growth option will be the breakdown of the lower border of the channel and the closing of quotations below the level of 275, which will indicate the continuation of the fall of the ETH/USD below the level of 235. Expect to accelerate growth with a level breakdown of 330.
ETHEREUM forecast & technical analysis on October 19, 2017 suggests an attempt to fall to the lower border of the channel at the level of 300, from which it is expected to rebound and continue the growth of ETH/USD with a potential target near area 365, an additional signal is the trend line test on the relative indicator strength (RSI), the cancellation of the growth option will be a breakdown of the level of 275.
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