POLONIEX:ETHUSDT   Ethereum / Tether USD
Big momentum swing! Bull pennant along the bottom of the huge pitchfork we've been seeing today + H&S? MACD crossed on the 4h, converging on the 8h. big pickup in volume should push us upward. I'm thinking we bounce off of the pennant and re-consolidate before a possible breakout next week, EEA news might be around the corner? Couple things to ask ourselves:

1. What would need to happen to break out of the pennant sooner?
2. If we don't push past the support line at 299 where do we fall?

Let me know your feedback!
Komen: Testing 300...
It's testing 300 level. How long does it usually test it for? A couple hours or a day? Do you see it falling from the 300 level?
Balas
LDevine15 BobbyZilliox
@BobbyZilliox, A test lasts as long as the market lets it, our goal is to use the data to either predict or confirm if it fails/passes. At this point we are going to test the downward resistance line, if we bounce off I can see us going back to ~300 and as low as 262
Balas
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