quantguy

As Predicted, Ethereum Breaks Out

Long
BITFINEX:ETHUSD   Ethereum
Ethereum is on fire today! It has broken out from the bull wedge pattern on daily charts, and appears to be gaining steam. It looks like we are in wave 3 of the impulse of a 5-3 Elliott Wave. Both Kovach Momentum Indicators are solidly bullish and we've been testing the upper bound of the Kovach Reversals Indicator for a while now. Consider taking profits or adding to a position on a retracement.

If you're interested in the Momentum or Reversals Indicators, check out quantguy.net. Also available are crypto specific indicators!

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