ETH, bull flag breakout
Updated
I expect ETH to reach ATH areas again as it broke out of a nice and clean bull flag.
Also the lower inflation data is supporting the market in general and indices found strong support today.
Also the lower inflation data is supporting the market in general and indices found strong support today.
Note
On the 1H chart a megaphone pattern is forming so I would expect the next price target to be around 3900Trade active
After the price retested the flag it's a good spot to enter a trade right now @3755Note
The retest is confirmed now and we have a bullish engulfing candle on the daily. Next week should provide more bullish momentum as indices are closing very bullish in the last hours of this month.Note
I was a bit too early with my comment. The daily candle didn't close as an engulfing candle. It's now important to see how the weekly candle will look in two days.
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