johninvest17

Go Long, Ethereum looking very close to breaking out $ETH

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BITSTAMP:ETHUSD   Ethereum
Ethereum looking very close to breaking out..

Currently, chart patterns are forming a very nice "inverse head and shoulders" and a triangle.
Technical indicators such as RSI and DMI are trending up, similar to the short term moving averages (20, 50). This is good for the bulls.

Therefore, I think we would likely see $ETH breaking out to the upside instead of the downside.
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