Aurum Markets 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

Emerging Channel Up detected on ETHUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 2643.6 and it is expected to move to 2943.1479.

Supported by Upward sloping Moving Average

Target: 2943.1479 Entry: 2643.6 Stop: 2464.25

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