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 !
Kommentera
⋅
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 :)
Kommentera
⋅
Just to be honest, resistance is really making me anxious, lets just hope for some volume spike or this could actually go south.
Kommentera
⋅
Target is getting closer, super excited ! :)
Kommentera
⋅
We have broken out :)
Kommentera
⋅
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.
could ytou advise on buy opportunity for short invesment?
ethhunter
⋅
Use long position if you want to get in the market (buy and hold for a while) it's a lot better practice for most people.
Set yourself a target and sell when you get there. If you just want a "short term investment plan" i recommend the casino :D