MXN Gains Terrain Against USD
June 3, 2020
GBPMXN About to Reach Resistance Level
June 4, 2020
ETHEREUM CHART PRICE – ETHEREUM DAILY
The resistance we found at $243.10 on our Fibonacci Retracement is about to be broken, we will still need to wait a little for the breakout confirmation, we will see in the next couple of hours how the cryptocurrency behaves, the price is trading above the Ichimoku Cloud which is an indicator that the uptrend could continue, as far as RSI it is sitting at 62.3% and that tells us that it is still a good time to go long on this pair.
Moving Averages look very promising as they have not crossed in the last 49 days, bollinger bands are getting wider which means we can expect volatility, Ethereum broke the resistance level in the last 2 days, however many traders closed their positions and this drove the price below the resistance level once again, today has been a good day for the cryptocurrency and we expect the price to continue its uptrend for the next few days.
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.
