quantguy

Ethereum Finds Footing near Highs

Long
BITSTAMP:ETHUSD   Ethereum
Ethereum has peaked at $3470, and appears to be in the volatility of our exclusive dragon head pattern. Watch for it to stabilize, perhaps around $3186 before another burst of momentum, which must break highs again before hitting our next target at $3646. We will have strong support from below at $2962 if we see a retracement. The Kovach OBV is very strong, but it's tapering a bit suggesting we should at least range for a bit to find some footing.

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