ETH upside potential from technical pattern

in #cryptocurrencies7 years ago

In spite of recent volatility the upside potential for ETH from technical pattern remains the same. On Nov 22 THE broke out on the upside from a long triangle consolidation pattern going back to May . The measuring objectives are still intact for upside objectives. These are $750 and over a longer term $900. The break from the volatile last few days held above $400 but the brake out was at $376 so even if the market comes back below the $400 level but hols the $376 level the upside objective remains in play. Patience and discipline here can yield good returns.

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Hope it gets to 500 USD above again soon :)

To regain up momentum on daily charts it needs to close above 480. It remains in up momentum on weekly charts. Dash BTC and LTC are all still in daily up momentum as are NXT and STR. If XRP can rally and close above .2650 it breaks out to the upside on the weekly charts.

I have been waiting for the ripples of XRP. it just stagnant despite it is hotly discussed that rally will come soon :)

I see the biggest issue limiting XRP as the total number of tokens in circulation. A very large number which I think has a limiting fact. Still the upside targets are .36 and then .55

yeah. it has a lot of token.. it has market cap of ~10Bils with price only 24 cents.
Hope it will surge soon :)