It looks like ETH is consolidating similar to the previous round. I think it may continue to follow a short-term flag pattern before having another parabolic breakout to complete a cup. I believe ETH will rest for a bit around $2200 and have another drop before powering up and becoming "Year-theum... 2018 the year of Ethereum" :)
Looking at the long term path of Ripple, does this show why we can't trust those meteoric rises out of nowhere? It looks like a similar cup and handle type path until it breaks off and continues its journey to the dirt. I hope that's not the case but the overall trend isn't very exciting.... long term at least. I originally fell trap to the short-term window...
If the handle can complete and continue the upward trend, XRP could be in for a similar boom as a few days ago, just over a longer period of time. Notice the inverted head and shoulders forming after each cup and handle formation.
Looks like a pennant is forming for an overall downward trend until 2018. Maybe an announcement will take place? Expect to start the new year with a bang? I hope so!
Based on a number of highs and lows, I'm attempting to forecast the swings and general direction of the trend line. I'm thinking things will pick up in about 5-6 hours and start a bull run, achieving the bull run toward $800 USD. I think it will stall a little over $800 USD through tomorrow morning before eventually running back up to $850-$875 USD later tomorrow,...
