ETHOS: Breakout!

SUMMARY

Back on April 18th; I had posted the below chart of ETHOS/BTC. The symmetrical triangle was pretty uncanny and price was very proximal to the apex. The MACD was also coiled to support a breakout and continued placement of the five wave impulse (white).

The current chart shows the breakout of price from the symmetrical triangle. I believe as long as Bitcoin itself holds up; ETHOS will start putting in higher highs. It needs to move in an impulsive manner and complete blue wave 1 at around 0.000675 BTC.

What's interesting is that the MACD has not yet broken out of its own symmetrical pattern. I believe it's only a matter of time before it does; and that's probably when ETHOS can display some surges in volume and price.

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