ScotianBot

Is the parabolic move finished?

Largo
BITFINEX:ETHUSD   Ethereum
In my previous post i talked about Ethereum getting ready to make a parabolic move to $266ish USD.

Now that we have seen that move take place, we can see some resistance but I expect it to continue the bullish momentum.

It's noticeable that money is flowing from BTC into ETH after BTC retraces from parabolic moves to the upside.

278ish USD & 292ish USD are the next resistance levels on my chart.

266ish seems is acting like support at the time of writing.

Time will tell per usual.

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