ETHER ETHUSD Bull Pennant BREAKOUT ETHBTC
ETHER ETHUSD: Solid Bull Pennant Breakout pending candle close (look to 4 hour or daily for lower risk).
Additional Signals: A close above $721 would add endorsements to this trade
TARGET PRICE: $884/$773 USD
RSI: close to overbought but overbought can be a bull signal in a bull market.
Volume: Look for higher volume (than preceding days) for confirmation of breakout. If volume doesn't increase this may be a false breakout. Recommend checking coinmarketcap or onchainfx for aggregate volume.
Bitcoin: Pay very close attention to Bitcoin price action.
ETHBTC: Pay close attention to ETHER Bitcoin trading pair as well if your goal is to increase your bitcoin holdings.
Be sure to set your stop loss based on your risk tolerance. DYOR and please trade safely!
If my charts help you out, please throw me a follow.
Appreciate you much,
AJ
Additional Signals: A close above $721 would add endorsements to this trade
TARGET PRICE: $884/$773 USD
RSI: close to overbought but overbought can be a bull signal in a bull market.
Volume: Look for higher volume (than preceding days) for confirmation of breakout. If volume doesn't increase this may be a false breakout. Recommend checking coinmarketcap or onchainfx for aggregate volume.
Bitcoin: Pay very close attention to Bitcoin price action.
ETHBTC: Pay close attention to ETHER Bitcoin trading pair as well if your goal is to increase your bitcoin holdings.
Be sure to set your stop loss based on your risk tolerance. DYOR and please trade safely!
If my charts help you out, please throw me a follow.
Appreciate you much,
AJ
Transaction en cours:
Many Exchanges (Hong Kong, Malta, Etcetera) have had a close at or above the breakout point now. The target prices are in play. Flag/Pennant pullbacks/consolidation would be favorable entry points.
Commentaire:
Disregard First Target. 2nd higher Value Target in play as key resistances have been broken.
