Cabana Capitals Blog Technical Analysis ETHUSD – getting close to support of a Falling Wedge

ETHUSD – getting close to support of a Falling Wedge

ETHUSD – getting close to support of a Falling Wedge post thumbnail image

An emerging Falling Wedge has been detected on ETHUSD on the 1 hour chart. There is a possible move towards 2304.0480 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.

Supported by Downward sloping Moving Average

Target: 2304.048 Entry: 2318.96 Stop: 2392.51

Leave a Reply

Your email address will not be published.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

Related Post