Ethereum New Highs!!
Ethereum has tested highs, and inched out a new all time high. Currently it is facing some resistance at $4450. The Kovach OBV is quite strong, so the bull momentum is likely to persist. If so, then $4616 is the next target. However, $4450 is providing some pretty strong resistance, so we may retrace back to support at $4258. If so, expect a consolidation pattern like a bull wedge or flag to form before another attempt at a breakout. Watch the vacuum zone below to $4020.
Trade closed: target reached
Profit target reached at $4616!!
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Join my discord at discord.io/quantguy
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.