Cabana Capitals Blog Technical Analysis Possible start of a bullish trend on ETHUSD

Possible start of a bullish trend on ETHUSD

Possible start of a bullish trend on ETHUSD post thumbnail image

ETHUSD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 9 days and suggests a possible target level to be around 2492.0610 within the next 2 days.

Supported by Upward sloping Moving Average

Target: 2492.061 Entry: 2438.25 Stop: 2328.3025

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