quantguy

Bull Wedge in Ethereum??

Short
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Ethereum appears to be edging up from lows, forming a bull wedge pattern at $2454. The Kovach OBV is still very bearish , suggesting that $2454 will provide prohibitive resistance. If so, expect $2232 and $2143 to hold with the latter a likely floor price for now. If we are able to break out, then we should see some resistance from the $2500's, with $2651 a likely ceiling for now.

Join my discord at https://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.