ScalpPapi

parallel channel leading into breakout

Long
ScalpPapi Updated   
PHEMEX:ETHUSD.PI   ETH Inverse Perpetual Futures Contract
the buying pressure is building as the USD loses steam.
Comment:
the parralel channel was not as aggressive but ended up being accurate on a longer swing very nicely as you can see. So the market impulses just had to play out. Big money. Beware the downside until mid February 2024 now.

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.