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betaway
Aug 23, 2017 10:56 AM

Ethereum Setting Up for its next Big Run? Long

Ether / United States DollarCoinbase

Description

I reckon ETH is about to explode.

It's showing similar % swings and volume to its setup in February bull run. It's got the steadiest, sharpest ascending triangle I've seen in my many months in crypto.

It's Fibonacci is sitting pretty at the top end of the .6 - .8 ranges. And it's been getting disproportionate interest relative to steady news of its network development; so just building pressure. All the while Bitcoin's been bickering between itself.

Plus, all the newbies I've bought in on the hype have been talking about it and nothing else. Call me crazy?
Comments
oshin11
Except that is a rising wedge not an ascending triangle, which signals a bearish move coming ahead.
betaway
@oshin11, Oh... really. I guess I'm still learning.

Was the triangle in the blue circle back in Jan/Feb also a rising wedge?

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