quantguy

Ethereum Ranges Below Highs

Long
BITSTAMP:ETHUSD   Ethereum
Ethereum has leveled off after testing highs at $4616. We attempted this level twice, and cracked through barely, if but briefly, before retracing to support at $4450. We are seeing several green triangles here on the KRI suggesting strong support at this level. The Kovach OBV has completely flattened, suggesting that we should range between these two levels for a bit, until more momentum comes through. If not, the next level below is $4258.

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