$ETH /4-hour Update
#Ethereum has moved through the apex of the pennant without a decisive directional breakout 😴
This means the pattern is no longer in its ideal breakout window. The structure remains compressed, but the pennant itself has weakened and should not be treated as a confirmed bullish continuation pattern.
The apex level is clear:
Bullish confirmation: 4H close above the apex level, followed by acceptance.
Bearish invalidation: 4H close below the apex level.
No signal: Price remains around there.
Apex reached. Direction still pending.
#Ethereum has moved through the apex of the pennant without a decisive directional breakout 😴
This means the pattern is no longer in its ideal breakout window. The structure remains compressed, but the pennant itself has weakened and should not be treated as a confirmed bullish continuation pattern.
The apex level is clear:
Bullish confirmation: 4H close above the apex level, followed by acceptance.
Bearish invalidation: 4H close below the apex level.
No signal: Price remains around there.
Apex reached. Direction still pending.