ETHEREUM ETH/USD is trading at 197. 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 average boundary stripes indicator Bollinger Bands. The upper bound of the indicator is expected to be tested at 205, 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 140.
ETHEREUM forecast & analysis ETH/USD on July 15, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at level 210. 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 235, indicating a change in the bullish trend for 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 140.
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