The Silencing of the Bears? The showdown of ETH!
Hello ! :)
Let's take a look at the 4 hour chart of ETH,
There we can see that there's a large pennant in the works, if this breaks out to the upside we could be in for some huge price movements.
I have set my stop loss to 670 now as this could just be a fakeout and we are bulls trapped in a slope down right into the bear nest if I am completly wrong.
Never stop second guessing yourself in this market, because perhaps I'm just a lonely bull in a bearish market, seeing the signs that i want, but i have been correct thus far in many of my calls, so I just gotta stick to it.
One thing is certain, this will be the decididing moment for the next move for ETH though.
Brace yourselfs & Good luck !
Let's take a look at the 4 hour chart of ETH,
There we can see that there's a large pennant in the works, if this breaks out to the upside we could be in for some huge price movements.
I have set my stop loss to 670 now as this could just be a fakeout and we are bulls trapped in a slope down right into the bear nest if I am completly wrong.
Never stop second guessing yourself in this market, because perhaps I'm just a lonely bull in a bearish market, seeing the signs that i want, but i have been correct thus far in many of my calls, so I just gotta stick to it.
One thing is certain, this will be the decididing moment for the next move for ETH though.
Brace yourselfs & Good luck !
Nota
The pennant is progressing nicely, we are currently just above the midsection close to the end of it, a break upwards looks like it could happen anytime. Just massive price action that has been going inside of the pennant, it tells a story that’s about to end soon, but the story will continue, a sequel coming soon :)Nota
Just to be honest, resistance is really making me anxious, lets just hope for some volume spike or this could actually go south.Nota
Target is getting closer, super excited ! :)Nota
We have broken out :)Nota
Outbreak was not explosive but we are building support, 730 has a lot of resistance if we can keep this momentum i expect 750 by the end of the week.Nota
The bears are very quiet now :)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.