Aurum Markets Blog Technical Analysis ETHUSD approaching support of a Channel Down

ETHUSD approaching support of a Channel Down

ETHUSD approaching support of a Channel Down post thumbnail image

Emerging Channel Down detected on ETHUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 1453.92 and it is expected to move to 1154.0505.

Supported by Downward sloping Moving Average

Target: 1154.0505 Entry: 1453.92 Stop: 1593.09

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