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p4917

With Ether we'll fly ...

Long
Ethereum (BITSTAMP:ETHUSD)  
p4917 Updated   
BITSTAMP:ETHUSD   Ethereum
Triangle Moving Averages Chart Patterns ether ethertrade bullishtriangle bullishbreakout bullishtrending bullishchart bullishchartpattern Weekly Charts weeklypattern
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triangle movingaverage chartpattern ether ethertrade bullishtriangle bullishbreakout bullishtrending bullishchart bullishchartpattern weekly weeklypattern
Usually, I don't watch ETH, but this seems to be a no brainer:
The triangle pattern got broken on a weekly scale to the upside.
+ Price seems to close above the 50's weekly MA.

My price target is around 4125 USD. Then we need to re-evaluate the market.
Comment:
So far it seems like a classical re-test of the broken chart pattern. If ETH stays above ~2925 I would see this setup still as valid.

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p4917
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