Cabana Capitals Blog Technical Analysis ETHUSD – Continuation Chart Pattern – Descending Triangle

ETHUSD – Continuation Chart Pattern – Descending Triangle

ETHUSD – Continuation Chart Pattern – Descending Triangle post thumbnail image

A Descending Triangle pattern was identified on ETHUSD at 2612.72, creating an expectation that it may move to the support line at 2524.0038. It may break through that line and continue the bearish trend or it may reverse from that line.

Supported by Downward sloping Moving Average

Target: 2524.0038 Entry: 2612.72 Stop: 2688.05

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