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the1747trader

The most beautiful cup and handle you've ever seen.

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Ethereum (BITSTAMP:ETHUSD)  
the1747trader  
BITSTAMP:ETHUSD   Ethereum
Support and Resistance Trend Lines
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supportandresistance trendline
We're obviously not far into the second half of the cup yet but there's a real clean parabolic slope that's taking shape steadily. There is a clear positive trend line that has been followed since the initial breakout sub~$100. This will most certainly be a point of resistance during ETH's uptrend (most likely THE point) and may very well be the support needed to propel ETH through ATH. Due to the depth of the cup (from ~1400 - 100), target is 2700-2800.
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