[Watch it] Ether, a symmetrical triangle about to break

It's not a / pennant, it's a symmetrical triangle.

Slight bias upwards, due to oscillators state.
Not much meaningful, considering declining volume.

Rule is always the same: watch for breakout, look for volume on a low TF as a confirmation.

Likely to move within 24/48H.
Act accordingly and use caution.

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Long time supports.

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And here we go, 7% up already since OP.
Bias was right.

SL in break even and let it go.

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Now let's hope this has some legs, as we've seen plenty of rejections lately.
Never forget to place a SL.

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A pretty good bounce.

Remember to lock in some profit.

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+23% swing intraday

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Beware, ETH is nearing resistance confluence.

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Got some at 122$

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ETH bull desperately need this pennant to be confirmed in order breakout resistance above 140$.

We'll see.

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and got over 140$.
Don't forget to use a TP.

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Resistance gone.
So far so good.

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Over 190$.
Set your Take Profit, volatility ahead.

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Ether is either going to start a parabolic rise ( see that blue channel ) or to confirm a rising wedge.

While i'd prefer the former option, i'm inclined to think the latter being the most likely outcome unless Bitcoin starts rising any soon. Incase of break down hopefully a consolidation will follow towards the bottom of current channel.

So HAVE a TP, don't get caught off guard.

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Update:

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Soon we'll have a strong move,

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Here it is, seems hyphothesis was good.

New channel ( if it manages to hold it ).

Trade stängt: Stopp nått:

Closed 50% of the trade at 211$.
Profit management.

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As you see Ether couldn't keep the blue channel and went down about 10% already

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Would consider a buy in the lower half of the channel, having the opportunity.

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Test ongoing, watch it.

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(Short term)
Mind a possible bear flag.

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Well, got orders filled both at 181$ and 190$.

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It would be very importano for Ether to bounce up within next few hours.

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Push Ether, or i'm gonna hate you ...

Channle recovery needed, a rejection here would be bad.