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

Possible start of a bearish trend on ETHUSD

Possible start of a bearish trend on ETHUSD post thumbnail image

ETHUSD has broken through a support line. It has touched this line numerous times in the last 12 days. This breakout shows a potential move to 2443.7561 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

Supported by Downward sloping Moving Average

Target: 2443.7561 Entry: 2513.65 Stop: 2757.538

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