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May 03, 2018, 04:36:30 AM |
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ETH has just broken out of a similar triangle formation that we see Bitcoin in at the moment, with strength and volume to boot.
With the breakout above $700 and the .382 fib, the next really strong zone of resistance shows at $800 and the .5 fib.
Ethereum has always been a good indication of the overall health of the rest of the altcoins, and now that we see a bullish breakout occurring this could be a sign that there is more upside on the way soon for the rest of the crypto market.
Twitter: @BoomerCapital
Web: boomerangcapital.org
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