This trade steup on ETHUSD 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 2205.4615.
Related Posts
XRPUSD is approaching a support line of a Triangle. It has touched this line numerous times in the last 3 days.
XRPUSD is trapped in a Triangle formation, implying that a breakout is Imminent. This is a great trade-setup…
DASHGBP has broken through a level it has tested 3 times in the recent past.
A strong resistance level has been breached at 19.0400 on the 30 Minutes DASHGBP chart. Technical Analysis theory…
Extreme movement experienced on ETHJPY. Check this chart to see what to do next
ETHJPY hits 366972.61 after a 46.44% move spanning 21 days.