When compared this to the current run, we can see a lot of consolidation. Which may indicate uncertainty around it.
Confirmation for further uptrend movement is that when the price is above 350 level.
The broke upwards and we reached the edge of the pattern.
The is considered trend reversal pattern aka .
If the price breaks of the we should test support around 314 level. If the support does not hold lower support levels will be tested.
Thing to consider while trading ETH:
Ethereum launching Byzantium fork by 16th of October (tomorrow) which may have a diversified effect on the price movement.
Always be cautious of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
I do appreciate constructive criticism and feedback!