quantguy

Ethereum Preparing to Breakout??

Largo
BITSTAMP:ETHUSD   Ethereum
Ethereum is ranging but flirting with highs. It could be in the process of forming a bull wedge pattern, which is very typical before a breakout. If so we would expect to see it test highs a few more times while consolidating. This is probably a good opportunity to accumulate a position. Our next target for ETH is $1905. From below we will see support at $1653, $1623, and $1593. But it is doubtful we will see $1500's. The Kovach OBV is bearish, which is odd, but suggests a bit of a divergence, so it is unlikely that ETH will break highs any time soon.

Join my discord at discord.io/quantguy
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.