Cryptocurrency Ethereum (ETH/USD) is trading at 149. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Ethereum. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.
Ethereum (ETH/USD) forecast and analysis on January 11, 2019
As part of the Ethereum course forecast, a test of level 146 is expected. Where can we expect an attempt to continue the growth of ETH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 165. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 140.
Cancellation of the option to continue the growth rate of Ethereum will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of 136. This will indicate a change in the current trend in favor of a bearish ETH/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.
Ethereum (ETH/USD) forecast and analysis on January 11, 2019 suggests a test level of 146. Further, growth continues to continue to the area above the level of 165. The conservative area for buying Ethereum is located area of 140. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 136. In this case, we can expect continuation the fall.