Cryptocurrency ETHEREUM ETH/USD is trading at 288.85. 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 moving average. The growth of quotations is expected to be in the upper range of the Bollinger Bands indicator, where again we should expect an attempt to continue the fall and further develop the bearish trend in the ETHEREUM cryptocurrency with the aim of falling near the level of 232.
ETH/USD forecast & signals ETHEREUM on June 29, 2017
The conservative sales area ETHEREUM is located near the upper boundary of the Bollinger Bands indicator strip at level 300. The abolition of the continuation of 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 area 310, which indicates a change in the trend in favor of the 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 180.
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