quantguy

ETH TARGET HIT!! What's Next??

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BITSTAMP:ETHUSD   Ethereum
Do we ever get tired of winning? No we do not. We called out the next price target in Ethereum exactly. We warned you Ethereum was ready to breakout, and said explicitly "When it breaks out, 1550 is the next target." Hopefully some of you took advantage of this. You had plenty of time to accumulate as Ethereum ranged. We had a classic bull wedge pattern forming, and the Kovach OBV was strong. Currently we are hovering at right about $1550, our target level. We will have support from $1424, which is the upper bound of our ascending wedge pattern. Watch for ETH to come up for air and perhaps hold current levels or even retrace. Our next major targets are in the $1700's.

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