📈 Daily TA: Ethereum (ETH/USD)

Hello, dear members of LeoFinance!

Today I want to share with you something interesting on the price chart of Ethereum.

In the daily chart (1D), ETH/USD has formed a Double Bottom (common trend reversal signal): In order for the trend reversal signal to receive initial confirmation, the price should break through the resistance line. If this happens then the uptrend may resume.

To be continued ...

As of the time of writing, one ETH costs $2156.11 on the 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 almost 15 years, and as a cryptocurrency analyst for the last 4 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.

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 Join the crypto exchange Bittrex: https://bittrex.com/Account/Register?referralCode=3GB-QAJ-BMW

Posted Using LeoFinance ^Beta

📈 Daily TA: Ethereum (ETH/USD) | 25-07-2021