1 hr layout, ETHUSD Pennant
Pennant formation on the hourly charts. Resume previous trend within next 2 days. Each wave corresponds to approx. 6 hours up, 6 down. Be patient, and wait for it to break out.
Note
We're looking for the pennant to flatten out a bit, which is our precursor to movement. I believe we have one more up/down cycle.
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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.