Cabana Capitals Blog Technical Analysis ETHUSD short term bearish trade setup to 3066.7200

ETHUSD short term bearish trade setup to 3066.7200

ETHUSD short term bearish trade setup to 3066.7200 post thumbnail image

ETHUSD is heading towards 3066.7200 and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Supported by Downward sloping Moving Average

Target: 3066.72 Entry: 3177.98 Stop: 3257.3187

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