USDMXN Breakout Confirmed
June 11, 2020
Mexican Peso Gains Strength Against GBP
June 12, 2020
ETHEREUM PRICE CHART – ETHMXN DAILY
ETHMXN has found a resistance at 5530.40, this resistance has proven to be strong as it has been tested 4 times in the last 14 trading session without a breakout, the price is currently trading above the Ichimoku cloud meaning that we could expect the price to continue to rise in the next trading sessions, RSI is currently at 56%, meaning its not overbought yet. I would wait to see how the price behaves before placing a trade on this pair, as its sitting at the middle of the support and resistance, it could move in any direction in the short term, but I believe that the resistance level is too strong and it will be tested again very soon.
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.
