Cabana Capitals Blog Technical Analysis A potential bullish movement on ETHUSD

A potential bullish movement on ETHUSD

A potential bullish movement on ETHUSD post thumbnail image

Emerging Falling Wedge pattern in its final wave was identified on the ETHUSD 15 Minutes chart. After a strong bullish run, we find ETHUSD heading towards the upper triangle line with a possible resistance at 3587.8583. If the resistance shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.

Target: 3587.8583 Entry: 3581.8 Stop: 3533.32

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