quantguy

Ethereum back to the $1200's!!

Short
BITSTAMP:ETHUSD   Ethereum
Ethereum has pivoted off lows, rocketing back to $1235, exactly as we anticipated. The Kovach OBV seems unphased by this attempt, suggesting that we do not have enough momentum to press higher. Many red triangles on the KRI signal strong resistance. If we are able to break through, then $1341 is the next target, otherwise we are likely to retest lows, first finding support at $1100, then testing the lower bound at $1017.

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