Big movement expected on ETHUSD after a breach of the resistance

ETHUSD has broken through a resistance line of a Rectangle and suggests a possible movement to 247.0436 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 16 hours.