Ethereum Pulls Back to the Base of the $1300's
As predicted yesterday, $1341 was too heavy for Ethereum and it retraced back to support at $1288. Red triangles on the KRI confirmed that resistance at $1341 was prohibitive and we fell back to safer levels, confirming the range Ethereu has held for past month or so (aside from that dip to the $1100). The Kovach OBV is pretty flat, suggesting that we need more momentum to come through either way before we are able to break out from $1341 or test lows. We expect $1235 to hold as a lower bound for now.
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.