Hello, dear members of LeoFinance!
In this post I will comment on the price chart of Ethereum. So, let me start!
In the daily chart (1D), ETH/USD is trying to form an ascending channel (uptrend):
As can be seen from the chart above, currently ETH/USD is very close to the lower line (support line) of the potential uptrend. I would also like to mention that, in my view, the price of Ethereum is receiving a solid support within the range between the previous two local highs.
That's why if the price rebounds from the support line of the potential uptrend, a renewal of the ascending movement may start and I will be watching for a potential buy signal.
To be continue ...
So, fellow LeoFinancier, what do you expect from ETH/USD in the near future?
p.s. at the time of writing one Ethereum costs $355.09 according to LeoFinance
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 trades, investments and etc.
Learn How To Earn PRE Tokens By Using Presearch Decentralized Search Engine
Join the crypto exchange Binance: https://www.binance.com/en/register?ref=28017531