Aurum Markets Blog Technical Analysis bearish technical pattern on ETHUSD 4 hour

bearish technical pattern on ETHUSD 4 hour

bearish technical pattern on ETHUSD 4 hour 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 3458.1436 but consider reducing the size of your position as the price gets closer to that target.

Supported by RSI above 60

Target: 3458.1436 Entry: 3783.9473 Stop: 3825.1

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