quantguy

Ethereum Tests Higher Levels

Short
BITSTAMP:ETHUSD   Ethereum
Ethereum bottomed out at the exact level we identified yesterday at $1424. We broke through $1547 and are currently in the middle of the vacuum zone in between this and $1653. The Kovach OBV is on the rise, but still looks a bit weak. Our next target is $1653, which is the start of a cluster of levels extending into the $1700's. We have seen these levels provide resistance recently. If we are able to clear them then $1821 is the next target.

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