quantguy

Sideways Correction for ETH

Largo
BITSTAMP:ETHUSD   Ethereum
Ethereum has shown great strength, solidly breaking $2400 which was once a significant upper bound. We met resistance at $2651, and are currently holding a sideways corrective pattern with the lower bound at $2556. We could be forming a head and shoulders pattern with the neckline at $2556, so be careful of the vacuum zone below back to $2400. But the Kovach OBV is still strong, suggesting that the bull run may not be over for ETH. If we are able to break $2651, then there is a vacuum zone above back to $2965. Then the next challenge for ETH will be breaking into the $3K handle again.

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.