As we all know, ETH has seen very little action over the last month due to BTC stealing the show.
However with the BTC fork craze nearing an end, I believe that ETH may have a chance for a move.
As you can tell from the chart above it appears that ETH is starting to squeeze within a pennant.
The BULL Cycle:
IF we happen to break through top, I will be entering a long position.
My major target points would be 350, 394, and 448.
Additional target points are the fib extensions shown above.
The BEAR Cycle:
As much as I would love to see ETH make a run up, there is still a chance we will fall out the bottom of the pennant.
IF this happens I will likely place a short, and my first target would be the major support line at 271.
I hope this helps and I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
However with the BTC fork craze nearing an end, I believe that ETH may have a chance for a move.
As you can tell from the chart above it appears that ETH is starting to squeeze within a pennant.
The BULL Cycle:
IF we happen to break through top, I will be entering a long position.
My major target points would be 350, 394, and 448.
Additional target points are the fib extensions shown above.
The BEAR Cycle:
As much as I would love to see ETH make a run up, there is still a chance we will fall out the bottom of the pennant.
IF this happens I will likely place a short, and my first target would be the major support line at 271.
I hope this helps and I wish you all the best of luck!
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。