Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on ETHUSD?

Should we expect a breakout or a rebound on ETHUSD?

Should we expect a breakout or a rebound on ETHUSD? post thumbnail image

ETHUSD was identified at around 3824.62 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 3924.0614 level.

Supported by RSI below 40

Target: 3924.0614 Entry: 3824.62 Stop: 3758.9

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