Technical analysis by mjchase about Symbol ETH: Buy recommendation (6/26/2021)

From what I can see on the chart short we can see a deep crab pattern which has caused price to reverse from bearish to bullish. Price has come back to retest the 161.8% entry for the deep crab and also has formed a much smaller bullish bat pattern. Using the bat I can look to enter a much larger position due to the small stop loss required at 100% of XA. Taking profit on the bat where the 2R for the larger deep crab pattern would be is around 13R.