Ethereum macro pennant
Updated
Macro log perspective on ETHUSD shows a massive bull pennant forming since April 20.
Pole height: ~$400
Breakout around ~$350 (conservative)
Price target: $750
Major support: $300
Solid R:R here
Pole height: ~$400
Breakout around ~$350 (conservative)
Price target: $750
Major support: $300
Solid R:R here
Note
Testing resistance now. If bulls fail to break, I'll be setting buy orders around 320.I am relatively new to TA. Constructive criticism or different perspectives are much appreciated.
Note
** If bulls fail to break out of the pennant, I'll be setting buy orders around 320. **
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