Macro log perspective on ETHUSD shows a massive bull pennant forming since April 20.
Pole height: ~$400
Breakout around ~$350 (conservative)
Price target: $750
Major support: $300
Solid R:R here
Pole height: ~$400
Breakout around ~$350 (conservative)
Price target: $750
Major support: $300
Solid R:R here
Commentaire:
** If bulls fail to break out of the pennant, I'll be setting buy orders around 320. **
I am relatively new to TA. Constructive criticism or different perspectives are much appreciated.