Pennant Chart Breakout at ~$306. Target of ~$335 in 4-5 days

4 באוק׳ 2017

As in my last ETHUSD post, I believe we are still in a Pennant. In fact, the last day or so has bounced between the trend lines a few extra times making it a "tighter" Pennant. I'm waiting for reentry around $306-308 which suggests a possible uptrend.

Expecting $335 target in 4-5 days for ~%10 profit with some resistance along the way at $316

** Comments and Critiques always welcome especially conflicting analysis ideas.
** Twitter: @CAG_CryptoTA

4 באוק׳ 2017

הערה

Forgot to mention that this timeline also agrees with the time frame of my BTCUSD analysis here (tradingview.com/chart/BTCUSD/WYiLn9Sq-5-10-Dip-before-4600-target/).

I expect BTC to bounce up at around $4100 soon, which adds to the thought that ETH will follow suit.

6 באוק׳ 2017

הערה

We're at the breaking point. I'm considering entering at 308