quantguy

Can Ethereum Breakout??

Long
BITSTAMP:ETHUSD   Ethereum
Ethereum has found support and is forming a consolidation pattern in the low $2K handle. We are seeing potentially a bull wedge pattern forming with an upper bound around $2143. The Kovach ObV is picking up, so there is the potential for a breakout to take us back to the $2200's or so. If we are able to solidify this, the next major target is $2402. We are seeing strong resistance above from red triangles on the KRI. If we reject current levels then $2K will provide support with an ultimate floor in the mid $1700's.

Join my discord at discord.io/quantguy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.