You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 38.2470 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Breach of 0.0012 could mean a start of a bearish trend on LTCBTC
A strong support level has been breached at 0.0012 on the 15 Minutes LTCBTC chart. Technical Analysis theory…
A final push possible on ETHBTC as it starts approaching a price line of 0.0461.
ETHBTC is heading towards a line of 0.0461. If this movement continues, the price of ETHBTC could test…
ETHUSD has broken through a resistance line. It has touched this line numerous times in the last 2 days.
The breakout of ETHUSD through the 3126.0901 price line is a breach of an important psychological price that…