[ETHUSDTPERP 2021.6.12] Bullish bat pattern
Updated
ETHUSDTPERP has now completed the bullish bat pattern. I was lucky. Similar to my previous opinion, the trend is almost completed.
![[ETHUSDTPERP 2021.6.9] Potential bullish bat pattern](https://s3.tradingview.com/r/RfnLbmei_mid.png)
When the price is $2,260, the position is opened and the first profit target is near the 0.5 positions of the Fibonacci extension.
At present, I personally think that shorts have the advantage, so you can’t be greedy and set a reasonable stop-profit and stop-loss. If it crosses above the Schiff pitchfork and the trend line, then the profit target will consider 0.382 or above 0.382. If it crosses below the trend line, start to lighten up, if it breaks the bat pattern, stop the loss.
Good luck!
When the price is $2,260, the position is opened and the first profit target is near the 0.5 positions of the Fibonacci extension.
At present, I personally think that shorts have the advantage, so you can’t be greedy and set a reasonable stop-profit and stop-loss. If it crosses above the Schiff pitchfork and the trend line, then the profit target will consider 0.382 or above 0.382. If it crosses below the trend line, start to lighten up, if it breaks the bat pattern, stop the loss.
Good luck!
Note
The first profit target, the 0.5 Fibonacci extension level has been reached
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