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๐Ÿ“ˆ Daily TA: Ethereum (ETH/USD) | 23-10-2020

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cryptospa
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Hello, dear members of LeoFinance!

Today I will make a small update on my previous analysis of Ethereum (ETH/USD).

So, in the 4-hour chart, ETH/USD has already surpassed the resistance line that is based on the lower line of the Inverted Ascending Triangle: Now, I consider this line as a support line (approximately at the level of $378). That's why I would like to outline that in case of price pullback and a subsequent rebound from that line I will open a long trade.

To be continue ...

So, fellow LeoFinancier, what do you expect from Ethereum in the near future?

p.s. at the time of writing one Bitcoin costs $406.32, 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+ 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.

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