📈 Daily TA: Ethereum (ETH/USD)

Hodl, dear members of LeoFinance!

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

In the daily chart (1D), ETH/USD is consolidating at the lower line (trend line) of the Ascending channel (uptrend): So, it is still highly probable that ETH/USD resumes the uptrend within the channel.

Also, in the 4-hour chart (4H), ETH/USD has formed a Bullish Flag (common trend continuation pattern): As can be seen from the chart, the price is approaching the upper line of the flag. So, if a breakout takes place and the price exits the flag in the upward direction then a buy signal will appear.

To be continued ...

As of the time of writing, one ETH costs $3000,65 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 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 @crypto-guides to learn about the essentials of the major cryptocurrencies.

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📈 Daily TA: Ethereum (ETH/USD) | 30-09-2021