A Tale of Two Trails - Ethereum Analysis (ETH/USD)
Ethereum is trading within the perimeters of a bearish pennant.
A bearish breakout from the pennant could push price down to 375 or near. Here is how we trade it.
Buy: 375 or near
Take Profit #1: 440 (17.33% Gain) Take Profit #2: 478 (27.47% Gain)
Stop: 358
On the upside, a bullish breakout or reversal from a failed bearish breakout could send price up to 443 and then 479. If it happens, we will only buy from the 443 pullback.
That’s all for now, my friends.
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