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Technical analysis: Will the ETH/USD price reverse its retreat?

Technical analysis: Will the ETH/USD price reverse its retreat?

Technical analysis: Will the ETH/USD price reverse its retreat?

Technical analysis: Will the ETH/USD price reverse its retreat?

ETH/USD COINBASE:ETHUSD
johanpedersen


Technical analysis: Will the ETH/USD price reverse its retreat?

The ETHUSD technical analysis of the price chart on 1-hour timeframe shows ETHUSD: H1 has breached below the 200-period moving average MA(200) following a breach below the support line after multiple tests of. We believe the bearish momentum will continue after the price breaches below 3250.15. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 3370. 40 . After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

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