Ethereum got a lift with Bitcoin, but $3K still remains a barrier. We are seeing two red triangles on the KRI at $3042, with $3K holding by a thread. We do appear to be forming a bull wedge, or other bull consolidation pattern, but it could go either way at this point. Crypto is looking a bit top-heavy and a retracement could take us back through $2965 to $2852 or lower to $2762. The Kovach OBV is still bullish and appears to be curving up suggesting a bull divergence with the bull wedge, which may suggest a breakout. If so, then $3148 and $3200 are the next targets.
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.
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.