Auguraltrader

Ethereum on a breakout!

Long
BITFINEX:ETHUSD   Ethereum
With less than 12 hours to close the weekly candle, ETHUSD clearly broke out significantly of a multi year triangle and with such gusto, gaining over 25% over the week!!!

All systems bullish and MACD is supportive for a rally with legs. Projections take the upside target at 520, with room to surprise. Meanwhile, it is possible for a retracement to test support levels...

The white arrow denotes actual entry based on breakout.

Noted at Bitcoin is bullish biased, albeit less committed than ETHUSD. Altcoins may be taking this run ahead...

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