Aurum Markets Blog Technical Analysis Confirmed breakout on ETHUSD 30 Minutes chart

Confirmed breakout on ETHUSD 30 Minutes chart

Confirmed breakout on ETHUSD 30 Minutes chart post thumbnail image

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 1553.4988 but consider reducing the size of your position as the price gets closer to that target.

Supported by Downward sloping Moving Average

Target: 1553.4988 Entry: 1579.8852 Stop: 1616.72

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