Here we have ETHUSD 1D chart.
The rising and patterns are similar in nature to that of the pattern that we use with our breakout strategy. However because these are directional and thus carry a or connotation.
Here with EThereum we have a perfect , but we have many important points to discuss:
1-vol makes anybody be confused to believe it or not especially that we had many many ico scams for ETH nowadays.
2-Retesting may lead us to form a that will lead us to lower low again.
3- VP created a strong resistance equals the biggest one on point.
4-After touching 200$ level we need to look sharply to watch any hooks that will lead to a Perfect Breakout stops at 1st red box and catch the retest from there.
5-Again catch the retest of the not the break point.
This chart made me remembering this idea: