Ether breakout trade

28 Mar 2016

I posit that we will see another all time high in the near future on ethereum as the structure here is not indicative of a bubble popping but a consolidation triangle pattern which is now ending. The trend changed on the last bounce off of support at .02 and as this is a continuation pattern it is reasonable to infer that another all time high is coming in fairly short order. The fundamental reason for this new wave of money flowing into ethereum is the recent NYT article bringing new interest to the currency.