Ethereum ETH/USD are traded at 514 and continue to move within a bearish trend. At this point, we should expect an attempt to test the upper bound of the «Triangle» model near area 530. Again, we expect a rebound and the continued decline in the Ethereum rate with a target below 470.
Ethereum (ETH/USD) technical analysis on March 27, 2018
In favor of falling quotations ETH/USD will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the fall option will be a strong growth and breakdown of the level of 550, which will indicate the breakdown of the upper limit of the «Triangle» model and the continuation of the growth of ETH/USD above the level of 590. With the breakdown of the lower bound of the «Triangle» model and the closing of quotes below the level of 495, trends in Ethereum.
Ethereum (ETH/USD) technical analysis on March 27, 2018 expects a test of resistance level near area 530, from which it is expected to rebound and continue falling into the area below 470, an additional signal in favor of Ethereum fall will be a test of the bearish trendline on the indicator of relative strength index (RSI).