Ethereum (ETH/USD) forecast and analysis on January 24, 2020

Cryptocurrency Ethereum (ETH/USD) is trading at 165. 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 lower border of the Bollinger Bands indicator stripes.

Ethereum (ETH/USD) forecast and analysis on January 24, 2020

As part of the Ethereum forecast, a test of level 162 is expected. Where can we expect an attempt to continue the growth of ETH/USD and the further development of an upward trend. The purpose of this movement is the area near the level of 182. The conservative buying area Ethereum is located near the lower border of the Bollinger Bands indicator strip at 160.

Ethereum (ETH/USD) forecast and analysis on January 24, 2020

Cancellation of the option to continue the growth of the Ethereum rate will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of ​​151. This will indicate a change in the current trend in favor of the bearish for ETH/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration in the fall of cryptocurrency.

Ethereum (ETH/USD) forecast and analysis on January 24, 2020 implies a test level of 162. Further growth is expected to continue to the area above level 182. The conservative buying area is located near area 160. The breakdown of the growth option for cryptocurrency will be a breakdown of level 151. In this case, we should expect further fall.


Best Forex Brokers

Share This Post

Post Comment