AUDUSD Is Going Up
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ETHMXN CHART PRICE – ETHMXN DAILY
Ethereum had an incredible climb in the last few hours, we have not seen a move like this since May, the pair had found very strong support and resistance points and it finally broke the resistance at 5530, and we might have found a role reversal, at some point, it reached 6,025 from here we can expect from the price to start dropping since it’s clear that it has entered an overbought status, the Relative Strength Index is at 70%, it might take a few hours or days for the price to start falling, but this is inevitable after a climb like this, the Bollinger bands are very opened and we can expect a change in trend and very high volatility for the remainder of the session, this is a pair I would stay out of if I want to be conservative, but if I’m looking for high-risk high rewards, then this is a pair worth taking a look at, just from when I started writing this Idea the price has already lost 150 MXN in just a few minutes.
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.
