Etc
2024-12-08

This is a sneaky little guy. However this is a large pattern that has been consolidating for a while.  

Although i usually like my patterns much much tighter, if we chart Ethereum the setup pattern is exactly the same with the pattern size and  breakout area. 

It has been straight up from the lower end of the pattern however according to trend resistance this is a break at 37.30$

It seems to be sitting on top of the trend line breakout using as support. It is a trickier setup as it would suck to but the top of the pattern only to fall back in.  My thought is to add here around 37.50. Also to have a buy order at 34.50 for a pull back in just in case this initial breakout trade is wrong for now.  


Trade is to bring This back up to  around 65-75.00$ to sell half of the position  and see how we respond after that 

Entry is between here 37.50 down to 33-34$ as potential reload if it does give that I’m still not sure it will but it will follow ethereum. 