LARP_Capital

Eth Pennant Break

Long
LARP_Capital Updated   
POLONIEX:ETHBTC   Ethereum / Bitcoin
Go long on Pennant Break with confirmation. Targets are fractal based, dependent on flagpole length.

With the recent bitcoin drama, Eth may have more room for upside.

Set stoplosses under the bottom trendline of the pennant for maximum RR.

Comment:
TP1: .065
TP2: .075
SL: .038
Comment:

4H finally closed outside of the upper trendline. This trade is now valid. Hop on!
Comment:

Bull flag, buy the breakout. Original targets still in play.
Comment:

4H closed outside of flag structure. Trendline retested. Trade valid.

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.