Hodl, dear members of LeoFinance!
Today, I would like to outline something interesting on the price chart of Ethereum.
Let me first remind you that, in the weekly chart (1W), ETH/USD has formed a Cup and Handle (C&H) technical pattern - a common bullish formation:
As can be seen from the chart, because of the recent price pullback the chart is approaching the upper line of the C&H. So, if the price receives enough support at that horizontal line and rebounds then a buy signal may occur. This signal will occur only if during the rebound the price surpasses the last local high. If this happens I may open a long position. That's why I will continue to monitor the price chart of Ethereum.
To be continued ...
As of the time of writing, one ETH costs $4046,27 on the Bitstamp 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 15 years, and as a cryptocurrency analyst for the last 4 and a half 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.
Check 
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