quantguy

Ethereum Finds Support

Long
BITSTAMP:ETHUSD   Ethereum
Ethereum has fallen to support at our level at $3646. It was definitely due for a technical retracement after hitting our profit target of $4293. We can only sustain new all time highs daily for so long. This retracement is healthy, and we appear to be finding good support at current levels, but will have further support at $3474. Be mindful of the vacuum zone down to $3K after that. We have two green triangles on the KRI at current levels suggesting that we have good support here. The Kovach OBV is still bullish, though has turned slightly to register the selloff

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