Pendant – tight range – Above 20ma & higher highs – LONG –
Ethereum / Dollar BITFINEX:ETHUSD
I like the chart setup at moment with a pendant/triangle pattern, tight range with an emminent break as 50ma is closeby but we are holding the 20ma very well.
We are also above the 50% retrace, some altcoins are moving today and will expect some movement here this weekend.
Entry: $469
Stop loss: $464
Exit: $480-$500