British Pound Possible Breakout
July 24, 2020
ETH Unstoppable
July 27, 2020
ETHUSD CHART PRICE – ETHUSD DAILY
ETHUSD has been behaving very unusual during the last 4 trading sessions, as it has reached level we had not seen since February, according to our Fibonacci Retracement it is very close to the resistance level of 289.96 which came unexpectedly in just 4 days, after finding it very hard to break the 250 levels for months it simply surged and grabbed strength, in this conditions its very unclear how the pair might behave during the weekend, the RSI is way over 70% but that does not seem to do justice for the price, it keeps going up, now we would need to wait and see if it can find a resistance at 289.96, if it is able to have another breakout it would be very hard to stop the rise, I would suggest clients that look for more conservative trades to stay away from this pair until we find a clear path that we can capitalize on, resistance level is key to make a trading decision.
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.
