quantguy

Ethereum Imminent Breakout!!

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BITSTAMP:ETHUSD   Ethereum
Ethereum has gotten support from the lower bound of a bull wedge pattern. It has bounced off confirming the pattern and continuing the consolidation pattern. We are stuck at highs right now, so the question is whether ETH has enough momentum to break out of this consolidation pattern that it has been holding for weeks or if it will continue to range. There is no doubt it will eventually break out, but the question is when. If it rejects 1424, it will find support at 1320. When it breaks out, 1550 is the next target.

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