Nickonomics

Ethereum (ETHUSD): The Breakout

Long
KRAKEN:ETHUSD   Ethereum
My view is that this is the breakout we needed to trigger this H&S bottom pattern and set sights on $224 area, which is the first target.
$199 is current POC (heavy volume level, simply speaking), mind this level, as it should be the last barrier.

Event risk:
Tomorrow's bitcoin hard fork. This may actually be beneficial for large alts like Ethereum.

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