Pennant Chart Breakout at ~$306. Target of ~$335 in 4-5 days
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
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We're at the breaking point. I'm considering entering at 308
I expect BTC to bounce up at around $4100 soon, which adds to the thought that ETH will follow suit.