ETH/EUR Retesting broken prices or fake out?

Posted byTom StewartPosted inSignalTags:, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Ethereum has pushed into fresh highs, breaking out of the wedge pattern. Price has now pulled back. Is this just a retest of previous structure, or a more sinister fakeout of resistance? If price holds this support we anticipate ETH will continue printing new highs.

ETH/EUR 1D Chart, 22 October 2021

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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