Cryptocurrency ETHEREUM ETH/USD is traded at 197 level. Currencies 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 average boundary stripes indicator Bollinger Bands. A moving average test is expected at the level of 170, from which we again expect an attempt to continue the fall and further develop the bearish trend in the ETHEREUM cryptocurrency to fall near the level of 120.
ETHEREUM forecast & analysis ETH/USD on July 17, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at level 172. Canceling the continuation option the fall of the ETH/USD cryptocurrency will be a breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as a moving average with a level of 55 and the closing of quotations ETHEREUM above the area 180, indicating a trend change in favor of the bullish on ETH/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the cryptocurrency into the area below the level of 120.
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