quantguy

Bull Wedge in Ethereum!!

Long
BITSTAMP:ETHUSD   Ethereum
Ethereum has retraced from highs, but is still seeing strong support in the $4K's. We dipped as low as $3861, but are currently forming what appears to be a bull wedge with an upper bound at $4200 or so. The Kovach OBV is a bit stagnant, but the chart looks overall bullish, despite the pullback. We will face resistance at $4258, but if we can clear that, the next target is $4450. Watch $3861, because there is a vacuum zone below to $3646.

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