Pennant or bull flag forming...
Updated
A pennant seems to be forming and it could either breakout later today or tomorrow morning.
It all depends on the pattern the pennant will keep on following.
Because the market is still recovering from an overall correction and the weekend, I don't see it going much further part 0.0934.
I will sell 75% at ~0.0934 and the rest at ~0.095, I think next week will see another small correction.
It all depends on the pattern the pennant will keep on following.
Because the market is still recovering from an overall correction and the weekend, I don't see it going much further part 0.0934.
I will sell 75% at ~0.0934 and the rest at ~0.095, I think next week will see another small correction.
Note
It doesn't look like ETH was able to break out earlier and is completing the pennant.I am a little worried that we broke out below the green line, this would, at best redraw the pennant, or, at worse, signal a breakout downard.
I will be aggressive and set my stop orders higher at 0.09
Trade closed manually
The US shutdown seems to have cause a mini crash of AltCoins, (well, some of them). bbc.com/news/world-us-canada-42757091
ETH might recover ... in time.
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