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LARP_Capital
Mar 23, 2017 6:31 PM

Eth Pennant Break Long

POLONIEX:ETHBTC240
Ethereum / BitcoinPoloniex

Description

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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

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

Comment

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

Comment

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

Comment

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4H closed outside of flag structure. Trendline retested. Trade valid.
ETHEthereum (Cryptocurrency)ETHBTCbreakoutprofitCryptocurrencyBitcoin (Cryptocurrency)
Comments
jolicoeur342
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nice one!
rhb_3000
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Breakout upwards again!? Wow I will be hopping on this one again.. thanks for your work
kperMan
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Way to call it! :) Thank you!
Munday
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Nice call, is the TP targets still valid and for what timeframe?
Vaggitarian
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Kick ass!
SuperShibe
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Pop goes the weasel, I have been onto this trade for some time. Great work :)
usablewifi
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Exciting! I'm long!
spacetrader
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have this exact trade going, might be trouble if many are doing this.
LARP_Capital
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@spacetrader, Nice man. Reassuring to hear that. I doubt we will have much trouble... BTC still messing around.

If this trade goes against us, at least we know it wasn't our setup.
usablewifi
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@spacetrader, I think individual traders make up a small portion of the now multi billion market cap of ether
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