Ethereum macro pennant
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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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.