MannyJMoreno

Pretty Pennant on ETHBTC. I'm swinging for the fences!

Long
CEXIO:ETHBTC   Ethereum / Bitcoin
So in my last idea, I rode the ETHBTC uptrend channel over the weekend. When resistance tested twice after the breakout, I thought we might be going higher.

Now we see a beautifully formed bullish pennant .

Most recent resistance level was back in July at 0.113670.

I'm going long and swinging for the fences on this one using MACD divergence as confirmation of the upward continuation.

Anyone wanna come along for the ride?

Trade active: So my pretty little pennant formed a full bull flag and broken out. It may not be a full breakout yet so wait for confirmation.

Entry: ).10790
TP: 0.113670
SL: 0.10567

Risk/Reward: 2.72

Good Luck
Comment:
Trade active: We have confirmation of the uptrend continuation. Hope you got your entry in.
Comment:
Trade closed: target reached: Finally hit the target last night. Took a few days to pan out but hope you got in and made some satoshis!

Comments

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