Long
Pretty Pennant on ETHBTC. I'm swinging for the fences!
So in my last idea, I rode the ETHBTC uptrend channel over the weekend. When resistance tested twice after the breakout, I thought we might be going higher.
Now we see a beautifully formed bullish pennant.
Most recent resistance level was back in July at 0.113670.
I'm going long and swinging for the fences on this one using MACD divergence as confirmation of the upward continuation.
Anyone wanna come along for the ride?
Now we see a beautifully formed bullish pennant.
Most recent resistance level was back in July at 0.113670.
I'm going long and swinging for the fences on this one using MACD divergence as confirmation of the upward continuation.
Anyone wanna come along for the ride?
Trade active
So my pretty little pennant formed a full bull flag and broken out. It may not be a full breakout yet so wait for confirmation.Entry: ).10790
TP: 0.113670
SL: 0.10567
Risk/Reward: 2.72
Good Luck
Note
Trade active
We have confirmation of the uptrend continuation. Hope you got your entry in.Note
Trade closed: target reached
Finally hit the target last night. Took a few days to pan out but hope you got in and made some satoshis!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.