Cabana Capitals Blog Technical Analysis Confirmed breakout on ETHUSD 4 hour chart

Confirmed breakout on ETHUSD 4 hour chart

Confirmed breakout on ETHUSD 4 hour chart post thumbnail image

You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 3220.1251 but consider reducing the size of your position as the price gets closer to that target.

Target: 3220.1251 Entry: 3021.7375 Stop: 2914.87

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