OMG 72 % gains in 24 hours. This beast is out of scale, out of channel, out of expectations. Irracional exuberence is a mighty magic in the cryptoworld.
30 min chart - an ascending wedge is forming - if you are prepared for a high game, place your bets possibly somewhere in between the blue lines. Still we can probably fall from there in the upcoming weekend due to 100% gains in the 2 previous days.
So given this is now at 7.25, does that blow your ascending wedge theory out of the water. I'm not sure tech analysis is that relevant right now, with such low adoption, the FOMO factor doesn't figure in this chart. There are a lot of people holding ETH that are suddenly paying attention to this coin, and may just give it further pushes upwards. As to when the pullback will come, anyone's guess