馃搱 Daily TA: Ethereum (ETH/USD) | 24-01-2021

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Hello, dear members of LeoFinance!

The price chart of Ethereum continues to fluctuate within the Ascending Triangle in the 4-hour time frame (4H):
24.01.2021 ETHUSD.jpg
Since an Ascending Triangle falls under the category of continuation patterns, according to the Technical Analysis theory, it is highly probable that ETH/USD resumes the uptrend.

To be continued ...

As of the time of writing, one Ethereum costs $1338,00 on 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 14,5 years, and as a cryptocurrency analyst for the last 3,5 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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馃搱 Daily TA: Ethereum (ETH/USD) | 24-01-2021 | Ecency