SimplerTrading

Is Ethereum Ready for Another Breakout Higher?

Long
BITFINEX:ETHUSD   Ethereum
Taking a look at a 195 minute chart, there's multiple things I'd like to point out. First, we have a Squeeze setting up which tells me a big move is coming. Second, we have an inverse head and shoulders (identified in pink). Lastly, we have the bull flag. All three of these combined with the current uncertainty in BTCUSD with the possible hardfork looming, makes me think we'll continue to see more money flowing into ETHUSD in the near future.

Good trading!

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