Cryptocurrency Ethereum (ETH/USD) is trading at 147. 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 lower border of the Bollinger Bands indicator bands.
As part of the Ethereum course forecast, a test of level 160 is expected. Where should we expect an attempt to continue the fall of ETH/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 130. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator at the level of 186.
Ethereum (ETH/USD) forecast and analysis on November 21, 2018
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 bars. 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 the event 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 and analysis on November 21, 2018 implies a test level of 160. Further, it is expected to continue falling to the area below the level of 130. The conservative sale zone is near the area of 186. Canceling the option of falling cryptocurrency will result in a level of 190. In this case In this case one should expect continued growth.