Orame30

ETH Wound tight... breakout?

Long
BITFINEX:ETHUSD   Ethereum
tightly wound ETH chart. Holding nicely in the wedge set up. reminds me of the wind up before the last leg up at $700 levels before the big breakout to $1400.

Consolidation at this level is a great thing long term, should be an exciting weekend/week. I expect breakout to the upside with $1100ish major resistance. If we get through that I am looking for new ATH.

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