ETHEREUM ETH/USD is trading at 190. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend in 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 219, 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 135.
ETHEREUM forecast & analysis ETH/USD on July 12, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at 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 strips, as well as a moving average with a level of 55 and the closing of quotations ETHEREUM above area 275, 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 135.
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