$ETH /4-hour Update
#Ethereum has moved through the apex of the pennant without a decisive directional breakout đŽ
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 đŽ
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.
