kingretep

Ethereum triangular kite tails

BITTREX:ETHUSD   Ethereum / U.S. Dollar
Ethereum's historical behaviour shows us some charting patterns that represent triangles that have a high volume of volatility relative to price. Once resolved these triangles break with a large upside move. In sequence the Ethereum pattern looks a bit like a kite flying in the wind with a tail showing all those little triangles before the next upside. Some of the breakouts resulted in price increases of approx 100-600%.

The recent triangle that lasted from September to late November has been the largest to date and I expect the upside to represent at least a 100% price increase. For the medium term I'm setting a target of $600-800.

Usually there are still large price swings in Ethereum , especially after big moves to the upside. A clever approach here would be ready to sell picks and buy back in at the dips up to $800.
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