ETHEREUM ETH/USD is trading at 231.27. Quotes of the currency are traded below the moving average with a period of 55, which indicates a bearish trend for ETHEREUM. At the moment, quotations ETHEREUM test the lower boundary of the bands of the indicator Bollinger Bands. A test of the broken resistance area is expected at the level of 240, where again we should expect an attempt to continue the fall and further develop the bearish trend in the ETHEREUM cryptocurrency with the target of falling near the level of 195.
ETHEREUM forecast & analysis ETH/USD on July 11, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at level 245. Canceling option the continuation of the fall of the ETH/USD cryptocurrency will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a level of 55 and the closing of quotations ETHEREUM above the area 260, which will indicate But a change in the trend in favor of bullish on ETH/USD. In the event of a breakdown of the lower boundary of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the cryptocurrency into the area below the level of 190.
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