ETH is right in the apex of the triangle. There is not much room left to move - therefore I expect a big reaction in price any moment now.
Wait for a clear sign of our direction before entering. This is not the moment to gamble, but wait for price to lead the way, then we will have our confirmation and opportunity to enter.
If we break up, we're going for ATH at 1.4k, if we pass that level, the sky is the limit.
If we break down, we have two support level one very immediate at around 1k and then a stronger support at $900.
BTC is also at a critical level in the pennant, so watch that chart as well! Indicators on Daily and above are a bit bearish as well, which supports the case for a correction.
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Wait for a clear sign of our direction before entering. This is not the moment to gamble, but wait for price to lead the way, then we will have our confirmation and opportunity to enter.
If we break up, we're going for ATH at 1.4k, if we pass that level, the sky is the limit.
If we break down, we have two support level one very immediate at around 1k and then a stronger support at $900.
BTC is also at a critical level in the pennant, so watch that chart as well! Indicators on Daily and above are a bit bearish as well, which supports the case for a correction.
Like and follow if you liked this idea!
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