These patterns come up time and time again. The reason they come up is because of the way whales accumulate coins. They use bots to do this which causes very specific patterns to emerge. You can take advantage of this as a trader if you keep an eye on the coins.
The pattern is as follows:
Huge impulsive increase in price, supported by huge . Then a (sometimes long drawn out) consolidation period where the price action usually falls into a symmetric triangle (sometimes it's an ascending/descending triangle too). As the price converges to the apex of the triangle, the drops off. Usually the price will go through an A-B-C-D-E 0.49% wave, followed by a A-B-C correction with a shallow C wave, because there's so much buy pressure. Then we get another breakout after this correction is complete. I've witnessed this with so many coins, but here I'm publishing my first idea ahead of time to show that it really is happening.
Whales are accumulating A LOT of altcoins at the moment. If you are smart, you can spot it and take advantage.
Also - haven't spotted this pattern on any other coins at the moment have you? : )