USDMXN Closer to Support Level at 22.16
July 15, 2020
EUR Could Lose Some Ground to MXN
July 16, 2020
ETHMXN CHART PRICE – ETHMXN DAILY
Ethereum paired with Mexican peso has become one of my favorite pairs to trade lately since it’s been bouncing up and down from the support and resistance levels we found, we have said this in previous articles but I can’t reiterate it enough, ETHMXN found very strong support and resistance levels, as traders, we can capitalize on these movements, unfortunately, this week I haven’t traded this pair yet, and it’s a missed opportunity, the pair has been losing ground all week, the last 5 trading days it has been closing with a loss, we see that the RSI level is still lower from the previous trading day, however we don’t have the certainty on whether it will continue sinking or if it could potentially start an uptrend to its resistance level at 5530. I guide myself a lot by the RSI, currently at 46% I still believe that the price will hit its support level or at least get very close before it starts gaining some ground, Bollinger bands look wide, we can expect volatility.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
