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There is a possibility of a big movement on ETHAUD after a breach of the support

This trade setup on ETHAUD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 5149.2501.

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Important price line being approached by BTCAUD. This price has been tested numerous times before.

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Supports and resistances are primary concepts of technical analysis. BTCUSD is heading for an important price of 66512.7266 – read about what this could mean for the future.

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