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LTCUSD Surging Back
August 24, 2020
GBPMXN Unable to Reach Support Level
August 25, 2020

ETHUSD Recovering After Almost Reaching Support

Published by TradersColo at August 25, 2020
Categories
  • cryptocurrency
Tags
  • chart patterns
  • ethusd
  • technical indicators
  • trend analysis
ethusd daily chart

ETHUSD CHART PRICE – ETHUSD DAILY

Ethereum seems to be taking a breather after it came short of reaching its support level at 363, we see that the Relative Strength Index dropped and then had a slight gain of almost 2% currently at 52% we could believe that the price would start rising but it’s too early to tell, however we have not seen the price of the cryptocurrency below the support level in 24 days making it a very strong support level, the bollinger bands are getting wider and we could expect a trend change, we need to keep an eye on this pair in the next few hours to be able to determine whether or not there could be an uptrend, we will keep you posted.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.

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