Cryptocurrency ETHEREUM ETH/USD is trading at 306.46. 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. It is expected to test the level of the average border near the area of 315, where again we should expect an attempt to continue the fall and further develop the bearish trend in the ETHEREUM crypto currency with the target of falling near the level of 260.
Bollinger Bands forecast ETH/USD on June 26, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at level 331. Canceling option continuing incidence cryptocurrency ETH/USD will breakdown region of the upper Bollinger bands boundary indicator strips and the moving average to the level 55 and above the closing quotation ETHEREUM field 350 that points to a ene trends in favor of bovine ETH/USD. In case of breakdown of the lower Bollinger Bands indicator strips boundary is expected acceleration cryptocurrency fall to below 260.
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