Cryptocurrency Ethereum (ETH/USD) is trading at 129. 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.
Ethereum (ETH/USD) forecast and analysis on November 22, 2018
As part of the Ethereum course forecast, a test of level 143 is expected. From where we can 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 105. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator at 190.
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 area 192. 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.
Thus, Ethereum (ETH/USD) forecast and analysis on November 22, 2018 implies a test of level 143. Further, it is expected to continue falling to the area below the level of 105. The conservative sales zone is near the area of 190. Canceling the option of falling cryptocurrency will result in a breakdown of 192. One should expect continued growth.
