You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.3430 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
A Falling Wedge has formed, DASHGBP is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
DASHGBP is approaching the support line of a Falling Wedge. It has touched this line numerous times in…
LTCBTC hits 0.001251 after a 8.88% move spanning 2 days
An unexpected large move has occurred on LTCBTC 1 hour chart beginning at 0.001149 and ending at 0.001251.…
A Falling Wedge has formed, ETHEUR is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Falling Wedge pattern in its final wave was identified on the ETHEUR 4 hour chart. After a…