ETHUSD surprised me....I was expecting some more downside on the short term (see link below) as it was in a corrective flat pattern.
But it broke out to the upside and retested the trendline and seems to be heading towards the top of this pennant.
Longer term I'm expecting a break to the upside towards the blue box.
One more corrective leg is still possible, therefore watch priceaction if price nears upper trendline of pennant.
Less is more ;-)
Happy trading!
But it broke out to the upside and retested the trendline and seems to be heading towards the top of this pennant.
Longer term I'm expecting a break to the upside towards the blue box.
One more corrective leg is still possible, therefore watch priceaction if price nears upper trendline of pennant.
Less is more ;-)
Happy trading!
Note
Hmmmm.....Right after posting this, BTC started dumping and took ETH down. Looks like my previous chart might become valid again 
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.