Type: Bullish BreakoutKey Levels:Resistance: 2022.93Pivot: 1919.44Support: 1785.62Preferred Case:On the H4, with price moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise to pivot at 1919.44 where the 161.8% fibonacci extension, -27.2% fibonacci expansion and swing high resistance are. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 2022.93 in line with swing high resistance and 100% fibonacci projection.Alternative Scenario:Alternatively, price could drop to 1st support at 1785.62 where the pullback support is.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/ethusd-h4-or-potential-bullish-continuation11"
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