Hello ! :)
Let's take a look at the 4 hour chart of ETH,
There we can see that there's a large pennant in the works, if this breaks out to the upside we could be in for some huge price movements.
I have set my stop loss to 670 now as this could just be a fakeout and we are bulls trapped in a slope down right into the bear nest if I am completly wrong.
Never stop second guessing yourself in this market, because perhaps I'm just a lonely bull in a bearish market, seeing the signs that i want, but i have been correct thus far in many of my calls, so I just gotta stick to it.
One thing is certain, this will be the decididing moment for the next move for ETH though.
Brace yourselfs & Good luck !
Let's take a look at the 4 hour chart of ETH,
There we can see that there's a large pennant in the works, if this breaks out to the upside we could be in for some huge price movements.
I have set my stop loss to 670 now as this could just be a fakeout and we are bulls trapped in a slope down right into the bear nest if I am completly wrong.
Never stop second guessing yourself in this market, because perhaps I'm just a lonely bull in a bearish market, seeing the signs that i want, but i have been correct thus far in many of my calls, so I just gotta stick to it.
One thing is certain, this will be the decididing moment for the next move for ETH though.
Brace yourselfs & Good luck !
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The pennant is progressing nicely, we are currently just above the midsection close to the end of it, a break upwards looks like it could happen anytime. Just massive price action that has been going inside of the pennant, it tells a story that’s about to end soon, but the story will continue, a sequel coming soon :)
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Just to be honest, resistance is really making me anxious, lets just hope for some volume spike or this could actually go south.
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Target is getting closer, super excited ! :)
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We have broken out :)
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Outbreak was not explosive but we are building support, 730 has a lot of resistance if we can keep this momentum i expect 750 by the end of the week.
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The bears are very quiet now :)