We could see price continue its upward momentum on ETPUSD.
Price has been consolidating into a nice pennant formation and will hopefully start to squeeze a little. I will enter short on a confirmed breakout (around $1.29) with protective stops under the previous low ($1.18).
Should price reach the projected target it will net in a 2.5R/R and 20% gain without leverage. It will of course depend on how the Bitcoin price moves.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.