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 0.5486 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Supports and resistances are primary concepts of technical analysis. BTCAUD is heading for an important price of 139803.9063 – read about what this could mean for the future.
BTCAUD is moving towards a resistance line. Because we have seen it retrace from this level in the…
DASHUSD is signaling a possible trend reversal on the intraday charts with price not breaching support.
DASHUSD was identified at around 21.82 having recently rebounded of the support on the 4 hour data interval.…
Supports and resistances are primary concepts of technical analysis. BCHUSD is heading for an important price of 307.3100 – read about what this could mean for the future.
BCHUSD is moving towards a key resistance level at 307.3100. BCHUSD has previously tested this level 3 times…