Flagging for a breakout, or fakeout? (ETH)
Updated
Looks like we could reach around 505€ with this flag,
however I would still be cautious.
If we can break above 460€ key resistance (top of the flag) i see the rally up to 505€ materializing.
Good luck
however I would still be cautious.
If we can break above 460€ key resistance (top of the flag) i see the rally up to 505€ materializing.
Good luck
Note
Just dumping some ideas :)
Note
We’re still in consolidation before the eventual breakout, but keep in mind thatthere is a risk that the breakout might not be the reversal point but rather a temporary upswing before further decline.
What we can do is take profit at resistance and evaluate if the market isnt displaying enough bullishness.
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