ETHEREUM - Rounding out it's bottom and preparing to jump

20 déc. 2018It has been too long since my last Ethereum post. So without further ado, let's get to it and look at the 4-hour chart. Ethereum has been very bearish for some time and recently surpassed its September low this month to set a new low for this year. However, you can see it has a nice rounded bottom and is on the verge of breaking out to the upside. I set two initial targets, both of which would set up an inverse head and shoulders pattern should they be established as the neckline. But for now, let's watch for a breakout.