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johninvest17

Go Long, Ethereum looking very close to breaking out $ETH

Long
Ethereum (BITSTAMP:ETHUSD)  
johninvest17  
BITSTAMP:ETHUSD   Ethereum
Trend Analysis Chart Patterns Technical Indicators ETH Ethereum (Cryptocurrency) Cryptocurrency
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trendanalysis chartpattern indicator eth ethereum cryptocurrency
Ethereum looking very close to breaking out..

Currently, chart patterns are forming a very nice "inverse head and shoulders" and a triangle.
Technical indicators such as RSI and DMI are trending up, similar to the short term moving averages (20, 50). This is good for the bulls.

Therefore, I think we would likely see $ETH breaking out to the upside instead of the downside.

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