Ethereum ETH/USD ends the trading week at the level of 198 and continues to move in the framework of the bearish trend and the formation of the «Triangle» model. At the moment, we should expect an attempt to test the lower limit of the model near the area 185. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 300.
Ethereum weekly forecast November 5 — 9, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of the growth of ETH/USD quotes on the current trading week of November 5 — 9, 2018. Cancellation of the growth option will be a fall and a breakdown of the level 165, which will indicate a breakdown of the model’s border and a continued decline in ETH/USD with a potential target below 110. A confirmation of the growth of cryptocurrency Ethereum will break the upper limit of the «Triangle» model and close the quotes above the level of 225.
Ethereum weekly forecast November 5 — 9, 2018 suggests an attempt to test the support area near the level of 185, where you should expect a rebound and continued growth of cryptocurrency in the region above the level of 300, a test in trend indicator on the relative strength index (RSI) will be an additional signal in favor of Ethereum growth, the cancellation of the growth option will be the fall and the breakdown of the area 165, in this case we should expect a further decline.