quantguy

Can Ethereum Finally Break Out??

Short
BITSTAMP:ETHUSD   Ethereum
Ethereum is wavering at $2K, holding a narrow range between $1900 and $2143. The Kovach OBV has completely flatlined, and hopes that we were seeing a bull wedge pattern forming have fizzled. If we don't see momentum come through soon, we may see another dip to the $1700's, or lower. From above, we must first break $2143, then the next targets will be $2232 and $2324. We anticipate $2400 to hold as a ceiling for now.

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