ETHUSD has broken through a line of 2540.0100 and suggests a possible movement to 2589.2729 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.
Supported by Upward sloping Moving Average
Target: 2589.2729 Entry: 2554.02 Stop: 2447.7432
Emerging Inverse Head and Shoulders detected on ETHUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up
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