mdan

ETH Passes first round of resistance, approaches 2nd

BITFINEX:ETHUSD   Ethereum
In the linear plot, ETHUSD has already broken out of the downtrend channel set by the two peaks at the beginning of January's decline. However, in the log plot, the top line of the channel is just above us, intersecting with the 700/710 peak from earlier this week. I'm expecting resistance there (or shortly before) in the next couple of days, so keep those things in mind along with the other bullish indicators. Happy trading!
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