quantguy

Double Top in Ethereum?

Short
BITSTAMP:ETHUSD   Ethereum
Ethereum made another run for $1653, but met stiff resistance and retraced back to support at $1547. We appear to have a double top at $1653, which could suggest that we've maxed out for now. However, $1547 is providing strong support confirmed by green triangles on the KRI. If we are able to pivot, we could easily make another run for $1653. If support caves, we could easily retrace through the vacuum zone to $1424.

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