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13.07.201808:22 Forex Analysis & Reviews: Technical analysis of Ethereum for July 13, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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)

Arief Makmur
Analytical expert of InstaForex
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