Hello, dear members of LeoFinance!
Today I just want to comment on the price chart of Ethereum.
In the daily chart (1D), the price of Ethereum experienced a decline in the middle of the last week. However, during the weekend the price of the cryptocurrency rebounded from the lower line (support line) of the Ascending Triangle:
Theoretically, the Ascending Triangles are considered to be trend continuation patterns. That's why it is highly probable ETH/USD resumes the uptrend.
To be continued ...
As of the time of writing, one Bitcoin costs $583,64 on Coinbase crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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