Bull Pennant
Just a refresher for those of you calling it a "pendant". You probably don't even know what it actually is. Ok, just joking around on that. Seriously though. For the lurkers wanting to learn something here's a good video.
Just glanced over the 1d view candle on coinbase and if you look at June 8th you can see the pole forming quite nicely. The resistance to break certain price points is quite obvious after that. I think we're finally breaking free from the pennant formation and should see some significant gains in the coming days.
However, this is cryptocurrency and conventional patterns have proven to not work in this type of market, so it'll be interesting to see what happens in the coming weeks.
If you look at the 15m view, which might be more appropriate in such a organic marketplace you'll see a nice pole starting to form around 8:30-8:45 Pacific time. We'll see what kind of gains and resistance we'll have at this price point and if a strong recovery is in our future.
I think being back up to the $330 price range in a couple days is certainly possible, but it's hard to tell for sure.
One thing is certain...ether isn't done by a long shot and you'd be dumb to sell at this price point (unless you profited off the micro crash). There's still significant gains to be had before this market reaches its final peak.
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