UtkuYucel

ETHUSD | POSSIBLE BULLISH PENNANT PATTERN

Long
UtkuYucel Updated   
BITSTAMP:ETHUSD   Ethereum
Possible bullish pennant for ETHUSD. now has 2 AB=CD patterns and a fibonacci retracement from different price levels.
At some level, price levels nearly cross. (48XX$ - 50XX$)

Price target = ~4900$
R/R = 4.08 which fine.

And also price is at the support line of channel which comes from 28XX$

Waiting for an bullish impulse in a week.

NFA.

Trade active:
Looking like it turns out to bullish flag. Still waiting..
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.