Aurum Markets Blog Technical Analysis A possible start of a bearish trend on ETHUSD

A possible start of a bearish trend on ETHUSD

A possible start of a bearish trend on ETHUSD post thumbnail image

ETHUSD moved through the support line of a Triangle at 2806.8060810810807 on the 30 Minutes chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 2521.3895.

Supported by Downward sloping Moving Average

Target: 2521.3895 Entry: 2806.8061 Stop: 2871.32

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