Ethereum macro pennant

21 בנוב׳ 2017

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

22 בנוב׳ 2017

הערה

Testing resistance now. If bulls fail to break, I'll be setting buy orders around 320.

I am relatively new to TA. Constructive criticism or different perspectives are much appreciated.

23 בנוב׳ 2017

הערה

** If bulls fail to break out of the pennant, I'll be setting buy orders around 320. **