ETH broke out of a huge pennant/triangle and started climbing. Currently it's consolidating around it's former height of ~350, but the consolidation pattern is a small triangle that might indicate further growth. Could be as much as the growth towards this point, which would take it up to about 390. I think the most likely scenario is for it to eventually end up at around 406, which would be a resistance line in the ascending channel ETH had been trading in since May
Yorum:
Ok, that was rather fast! ETH made it to 390 and is facing resistance. With it's current momentum, I'm expecting ETH to continue to 406 at least!
Yorum:
(Actually, almost 390; 388.89 to be exact.)