Ethereum (ETH/USD) weekly forecast on November 19 — 25, 2018

Cryptocurrency Ethereum (ETH/USD) is trading at 173. 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, the 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 200 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 120. The conservative area for Ethereum sales is located near the upper border of the Bollinger Bands indicator at the level of 230.

Ethereum (ETH/USD) weekly forecast on November 19 — 25, 2018

Ethereum (ETH/USD) weekly forecast on November 19 — 25, 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. As well as the moving average with a period of 55 and closing of quotations of the pair above 250. 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) weekly forecast on November 19 — 25, 2018 implies a test of level 200. Further, it is expected to continue falling to the area below the level of 120. The conservative sales zone is near the area of ​​230. Canceling the option of falling cryptocurrency will be a breakdown of the level of 250. In this case one should expect continued growth.


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