Cabana Capitals Blog Technical Analysis ETHUSD – support line broken at 2024-05-07T22:00:00.000Z

ETHUSD – support line broken at 2024-05-07T22:00:00.000Z

ETHUSD – support line broken at 2024-05-07T22:00:00.000Z post thumbnail image

ETHUSD has broken through a support 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 13 days and suggests a possible target level to be around 2862.3931 within the next 3 days.

Supported by Downward sloping Moving Average

Target: 2862.3931 Entry: 3005.91 Stop: 3146.1303

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