Description
⋅ 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.
Comment
⋅ 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