Ethereum has retraced from highs at $2965. We saw an enormous buying wave which topped out before the hard limit of $3K. The retracement could just be a technical Elliott wave corrective phase, and if so, we expect support from the lower bound of $2852. We appear to be seeing support here from several green triangles on the KRI. If support holds, anticipate ETH to range between this level and $2965, with $3K a hard upper bound for now. If it breaks, then $2762 is our next level of support.
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.