Ethereum reaches initial Symmetrical Triangle breakout target.

Ethereum (ETHUSD) $ETH #Cryptocurrencies broke out of a large multi-month symmtrical triangle formation on November 23. Since then is has advanced as much as approximately 64.5% as of today's 626 high, and 60.5% in just the past six days. Today's rally reached the minimum target derived from the large triangle pattern, at 625.80. The triangle target (minimum target) lines up with the 61.8% Fibonacci extension of the secondary decline within the triangle thereby potentially strengthening its significance, either as resistance, or as a breakout level to be followed by further strength. #Crypto