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

Will ETHUSD have enough momentum to break support?

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

A Channel Down pattern was identified on ETHUSD at 2859.65, creating an expectation that it may move to the support line at 2689.6450. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 2689.645 Entry: 2859.65 Stop: 2994.62

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