Ethereum (ETH/USD) forecast and analysis on May 16, 2019

Cryptocurrency Ethereum (ETH/USD) is trading at 222. 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 upper border of the Bollinger Bands indicator.

Ethereum (ETH/USD) forecast and analysis on May 16, 2019

As part of the Ethereum course forecast, a test of level 215 is expected. Where should we expect an attempt to continue the growth of ETH/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 245. The conservative area for buying of Ethereum is located near the lower border of the Bollinger Bands indicator strip at level 180.

Ethereum (ETH/USD) forecast and analysis on May 16, 2019

Cancellation of the option to continue the growth rate of Ethereum will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​175. This will indicate a change in the current trend in favor of a bearish for ETH/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Ethereum (ETH/USD) forecast and analysis on May 16, 2019 implies a test level of 215. Further growth is expected to continue to the area above the level of 245. The conservative area for buying Ethereum is located area of 180. Cancellation of the growth option of cryptocurrency will be a breakdown of the level of 175. In this case, we should expect a further fall.


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