• Home
  • Strategies
  • VPS
  • Education
    • Trading Basics
      • Forex Basics
      • Who Trades Forex and Why?
      • Learn to Trade
    • Top Cryptocurrencies
      • What is Cryptocurrency?
      • The Major Cryptocurrencies Traded Globally
      • Cryptocurrency Liquidity
      • Cryptocurrency Trading Strategies
      • Basic Understanding of Bitcoin
      • Basic Understanding of Ethereum and Its Currency Ether
  • About Us
  • Contact
  • FAQ
  • Glossary
British Pound Possible Breakout
July 24, 2020
ETH Unstoppable
July 27, 2020

Ethereum Skyrockets in the Last 4 Sessions

Published by TradersColo at July 24, 2020
Categories
  • cryptocurrency
Tags
  • chart patterns
  • ethusd
  • technical indicators
  • trend analysis
ethusd daily chart

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.

Share
1
TradersColo
TradersColo

Related posts

October 8, 2020

BTCUSD Low Volatility


Read more
October 7, 2020

ETHUSD Unable To Break Resistance at 351.48


Read more
October 7, 2020

LTCUSD Low Volatility


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search Strategies

Browse by Asset Class

  • commodities
  • cryptocurrency
  • debt
  • energy
  • equities
  • forex
  • indices
  • precious metals

Recent Articles

  • 0
    GBPMXN Breaks Support at 26.67
    October 9, 2020
  • eurmxn-traderscolo0
    EURMXN Tests Resistance at 25.18
    October 9, 2020
  • 0
    USDMXN Continues Downtrend
    October 8, 2020
  • 0
    BTCUSD Low Volatility
    October 8, 2020
  • 0
    ETHUSD Unable To Break Resistance at 351.48
    October 7, 2020
  • 0
    LTCUSD Low Volatility
    October 7, 2020

Follow Us for Real Time Updates From Our Analysts

  • Facebook
  • Instagram
  • Twitter

Cookies

Privacy Policy

Risk Disclosure

Terms of Use

Follow TradersColo

© 2012 - 2021 Traderscolo. All Rights Reserved.