Ethereum has sold off into the low 
4K handle. It does not seem to be willing to give up the 4K handle very easily, which is a good sign. We are currently seeing quite a bit of support just above $4020, the last level in the 4K handle, confirmed by several green triangles on the KRI. The Kovach OBV is starting to swing upward, potentially suggesting that an upswing is near. The next level above, $4258 is providing some resistance, but if we catch a bid and break out from this level we could easily reach the next target $4450.
4K handle. It does not seem to be willing to give up the 4K handle very easily, which is a good sign. We are currently seeing quite a bit of support just above $4020, the last level in the 4K handle, confirmed by several green triangles on the KRI. The Kovach OBV is starting to swing upward, potentially suggesting that an upswing is near. The next level above, $4258 is providing some resistance, but if we catch a bid and break out from this level we could easily reach the next target $4450.
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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.