Cabana Capitals Blog Technical Analysis Support breakout on ETHUSD

Support breakout on ETHUSD

Support breakout on ETHUSD post thumbnail image

The price of ETHUSD in heading in the direction of 3635.5559. Despite the recent breakout through 3670.1001 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.

Supported by Downward sloping Moving Average

Target: 3635.5559 Entry: 3646.8 Stop: 3700.5635

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