In my long-lived Crypto-trading experience... These are probably the most accurate, reliable patterns in Crypto. I've never seen one this large though so it might not work out. Breaking below $200 or so would invalidate it. So we'll see how much juice is left in this decline.
Overall this targets a breakout by DevCon 3 and a $700 price target.
Overall this targets a breakout by DevCon 3 and a $700 price target.
Comment:
Progressing nicely here but it's still very possibly a typical bounce you see from a major, key trendline. Hard to say for sure what makes this pattern 'legit' (besides the obvious, breaking above $400), however just eyeballing it the $300 level might be key to get above initially. Quite a ways away.
Comment:
$310 and then $340 will be the next major resistance points to break. Overall though breaking $300 was pretty huge for this pattern.
Trade closed: stop reached:
I sold my ETH awhile ago in the low-$500's. Honestly didn't think this one would pan out, seeing as it technically broke below the triangle in early-November. Go figure!
I'll be buying back in the mid-$300's hopefully within a couple weeks (by Christmas I'll say).
I'll be buying back in the mid-$300's hopefully within a couple weeks (by Christmas I'll say).