Aurum Markets Blog Technical Analysis Confirmed breakout on ETHUSD 1 hour chart

Confirmed breakout on ETHUSD 1 hour chart

Confirmed breakout on ETHUSD 1 hour chart post thumbnail image

ETHUSD has broken through a support line of a Triangle and suggests a possible movement to 2374.4161 within the next 8 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.

Target: 2374.4161 Entry: 2460.8916 Stop: 2464.74

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post