GJ seems to be setting up for a retest. Arrows show where take profits should be. I recommend placing a BUY STOP just outside the pennant.
Nice swing setup for USD/CAD short. Rejection of previous floor indicates respect to downward trend. My target is previous low.
Sell until retest and anticipate a trend break as trendline is short term. Wait for a bullish signal to breakout the trend.
Last week a speculated this new trend. Three confirmations on the trend have been confirmed. Wait for a pullback to retest along the trendline and a bullish move to signal a potential LONG move.
I am new to this. Take this with a grain of salt. Just started learning technical analysis but I've been watching cryptos for some time now. Ethereum's upcoming SEC ETF may have a positive effect on the price (just speculation) if the ETF is denied and it is likely that this will happen as the SEC claimed that Bitcoin was not mature enough yet. Ethereum is a less...