quantguy
Panjang

ETH Breakout

BITFINEX:ETHUSD   Ethereum / Dolar
Ethereum             momentum reignites after having investors on edge for a while in the 1100's. Both Kovach Momentum Indicators are positive, which tells us we're a-go for more gains. However, we are testing the upper bound of the KRI, which means that a pullback could be close, so consider taking some profits.

We have made new highs yet again, so it looks like the 1100's were all we got for a corrective phase of the Elliott Wave . We are likely in the first segment of the next impulse wave, so prepare for some retracement as we enter the second one.

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