Looking for ETHUSD Breakout to a new ATH with target of $935.
Broke previous resistance starting from past ATH. Now testing the top of this ascending triangle.
New channel forming on this uptrend. May retest the support before breaking through the strong resistance set by the previous ATH.
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Watch for target price. This breakout is not yet confirmed on the 2H, it could close lower. But with 15 minutes to go I don't expect it to do so. Enjoy the gains!
Trade active
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This flag forming is a great time for entry. It is nearly exactly half way between the 1.0 to 1.618 fib extension - a great indicator that it should continue to the target price.
Trade closed: target reached
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Close enough to target. Closed trade at $918.69 for $204 profit per coin traded.
@NDIrish, Thanks! Glad to offer what I can :) Just posted an update for LTC. Looks like it may be following the same pattern.
sxsess
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Great call buddy this is an un-caged animal!!
tcormier321
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@sxsess, Thanks! I am certainly enjoying it. I need to look to see if it will lead a rally with other major coins such as BTC and LTC. BTC usually leads these rallies, but ETH could pave the way.