Cabana Capitals Blog Technical Analysis Will ETHUSD have enough momentum to break resistance?

Will ETHUSD have enough momentum to break resistance?

Will ETHUSD have enough momentum to break resistance? post thumbnail image

ETHUSD is heading towards the resistance line of a Triangle 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 from the past, 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 Upward sloping Moving Average

Target: 3164.537 Entry: 3129.75 Stop: 3022.75

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