Aurum Markets Blog Technical Analysis ETHUSD approaching support of a Triangle

ETHUSD approaching support of a Triangle

ETHUSD approaching support of a Triangle post thumbnail image

ETHUSD was identified at around 4286.61 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Triangle pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 4234.6682 level.

Target: 4234.6682 Entry: 4286.61 Stop: 4333.04

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