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Ethereumanalysis

Ethereum - Ascending triangle still in playAfter the glorious rally from 8 USD up to 420 USD within less than six months, Ethereum is in a consolidation since early June. It looks as if this consolidation takes the form of a bullish ascending triangle, which means that a breakout above 400 - 420 USD will likely initiate the next furious big up-leg. If you add the height of the triangle to the potential break-out point around 420 USD, the next price target for Ethereum would be around 1,300 USD !!! On the downside, the zone between 220 and 240 USD must hold, otherwise the triangle formation becomes invalid. The 200 EMA currently at 235 USD is increasing the support in this zone. The Ethereum chart looks pretty bullish but may need some more time.
BITFINEX:ETHUSDLong
by MidasTouchConsulting
ETH forming Ascending Right Triangle with target of $406New ATH on the table for Ethereum (ETH) as the price is forming a prominent ascending right triangle with a minimum target of $406. After a 5 waves impulse from $197 to $300, ETH corrected with a complex ABCDE triangle which is expected to complete a higher degree Wave II at also $300 approximately. Actually a break of the support trendline above $285 could actually mean a bullish wick, and the price could explode stronger. Let's see how it turn out to be.
BITFINEX:ETHUSDLong
by erc9311