Cryptocurrency Ethereum (ETH/USD) is trading at 174. The cryptocurrency quotes are trading below the moving average with a period of 55. This indicates the presence of a bearish 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 November 19, 2018
As part of the Ethereum course forecast, a test of 180 is expected. Where should we expect an attempt to continue the fall of ETH/USD and further development of the downward trend. The purpose of this movement is the area near the level of 156. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator at the level of 185.
Cancellation of the option to continue the decline in the rate of Ethereum will be the breakdown of the area of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the area of 190. This will indicate a change in the current trend in favor of the bullish ETH/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Ethereum ETH/USD forecast for November 19, 2018 implies a test level of 180. Further, it is expected to continue falling to the area below the level of 156. The conservative sales zone is located near the area of 185. Cancellation of the option of falling cryptocurrency will be a breakdown of the level of 190. In this case, we should expect continued growth.
