ETHUSD Breaks Resistance
June 23, 2020
ETHMXN Gets to Target Price $5,530
June 24, 2020
EURMXN CHART PRICE – EURMXN DAILY
The price just broke the resistance at 25.36 now we need to wait a few hours to see if this becomes a breakout confirmation or if the resistance is just being tested, it would not be safe to place a trade right now as the price could go anywhere since the RSI level is still under 70%, which means it is not considered overbought yet, currently RSI is at 57% so it would not surprise me if the price confirmed the breakout and climbed a few more pips on the graph, Bollinger Bands are opening so we could expect volatility, the price is trading under the Ichimoku cloud which could mean that a downtrend could be anticipated.
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.
