As in my last ETHUSD post, I believe we are still in a Pennant. In fact, the last day or so has bounced between the trend lines a few extra times making it a "tighter" Pennant. I'm waiting for reentry around $306-308 which suggests a possible uptrend.
Expecting $335 target in 4-5 days for ~%10 profit with some resistance along the way at $316
** Comments and Critiques always welcome especially conflicting analysis ideas.
** Twitter: @CAG_CryptoTA
Expecting $335 target in 4-5 days for ~%10 profit with some resistance along the way at $316
** Comments and Critiques always welcome especially conflicting analysis ideas.
** Twitter: @CAG_CryptoTA
Note
Forgot to mention that this timeline also agrees with the time frame of my BTCUSD analysis here (tradingview.com/chart/BTCUSD/WYiLn9Sq-5-10-Dip-before-4600-target/). I expect BTC to bounce up at around $4100 soon, which adds to the thought that ETH will follow suit.
Note
We're at the breaking point. I'm considering entering at 308
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.