Cryptocurrency

Ethereum price completes the positive pattern – Analysis - 18-02-2019

2019-02-18 05:28:21 GMT (Economies.com)

Ethereum price managed to complete the inverted head and shoulders’ pattern and rallied upwards strongly to surpass our first waited target at 137.24 and settles above it, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, opening the way to achieve our next targets that reach 154.00 followed by 170.76.

 

Therefore, the bullish trend will remain dominant in the upcoming period, noting that breaking 137.24 will put the price under negative pressure that targets testing 116.50 areas before any new attempt to rise.

 

The expected trading range for today is between 130.00 support and 154.00 resistance

The expected trend for today: Bullish

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