BCHAUD has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 2 days and suggests a target line to be around 327.1194 within the next 7 hours.
Related Posts
Interesting opportunity on ADAUSD after breaking 0.7379675675675677
You would be well advised to confirm the breakout that has just occurred – do you believe the…
XRPUSD – approaching a price line that has been previously tested numerous times in the past
XRPUSD is moving towards a resistance line. Because we have seen it retrace from this level in the…
BTCJPY is signaling a possible trend reversal on the intraday charts with price not breaching support.
The movement of BTCJPY towards the resistance line of a Triangle is yet another test of the line…