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DrDovetail

Ethereum's path to $500 now firmly set in motion after c&h break

Long
Ethereum (BITSTAMP:ETHUSD)  
DrDovetail  
BITSTAMP:ETHUSD   Ethereum
Trend Analysis Chart Patterns ETH ETHUSD ether Ethereum (Cryptocurrency) bullishbreakout 1daychart weeklychart Bullish Flag
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trendanalysis chartpattern eth ethusd ether ethereum bullishbreakout 1daychart weeklychart bullishflag
Ethereum is now confirming a breakout of a weekly chart bullflag that should take it to at least $366 but more impressive is the cup and handle pattern on he 1 day chart it seems to be triggering at the same time which has a potential breakout target of $499. Now it's true cup and handle breakouts often fall slightly short of their projected target, but there's also several instances where price action far exceeds the projected target as well. Whatever happens I'm definitely long. I feel even if it corrects before $500 it will get there sooner rather than later.
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