neni_emsu

ETH up for a breakout.

Long
neni_emsu Updated   
POLONIEX:ETHBTC   Ethereum / Bitcoin
With the price consolidation of ETH ending, we can see the acceding channel on which is indicative if a possible breakout due to the history on ETH breakouts. Increased volume is seen and the Reactions to the MA lines of 7, 21 and 77 signaling a continual up trend as the 77 day moving average flattens and the 7 and 21 strend up.
Trade active:
signifying the end of the first wave and possibly the beginning of the second which is expected to be 2 times the first. watch for break in resistance range between of 0.08000191(stop loss set bit below this.) and 0.0819616 ( serves as confirmation for second wave)
Trade closed: target reached

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