EtherCharts
Long

ETH/USD Now in Consolidation after Breaking Out on 11/24/2017

BITFINEX:ETHUSD   Ethereum / Dollar
Looks like ETH/USD chart is in a short term consolidation after the strong move up yesterday that is a breakout from its much longer term area of consolidation. What is consolidation? It is a pause in the action where buyer and seller are roughly equally matched. The last breakout moved over a trend line that had held ETH/USD under 400 after the initial piercing of that level in late Spring/Early Summer. This breakout carries a minimum target that is NORTH of 1000 USD. With that in mind, even if this triangle pattern that started forming yesterday were to break DOWN, it would take a very serious collapse for that target to be abandoned. Watch this last little triangle closely. If it breaks to the upside then we could awake on 11/26 to 500+.
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