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Exchange Rates 13.07.2018 analysis

At the 4-hour chart, we can see the Ethereum moving in a Bearish bias. Besides the price is now moving below the Moving Average 21 period and the slope is pointing down, the price already made a few Bearish chart patterns, for now, it seems the Ethereum will try to break out below the Rectangle pattern, as long as the Ethereum does not break out and close above the 491.35 most of the time it is likely it will continue its previous Bearish bias.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Arief Makmur,
Analytical expert
InstaForex Group © 2007-2018
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