Cabana Capitals Blog Technical Analysis Either a rebound or a breakout imminent on ETHUSD

Either a rebound or a breakout imminent on ETHUSD

Either a rebound or a breakout imminent on ETHUSD post thumbnail image

ETHUSD is heading towards the resistance line of a Channel Down and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Target: 3564.0583 Entry: 3512.42 Stop: 3420.98

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post