Bull flag on EA. Could look to rally higher.EA is currently consolidating within a clean bull flag pattern, and could look to break out soon. EA is coming up to the top of the bull-flag, which is in the vicinity of the 200 day moving average, so it will really need some volume and conviction to break through these resistance levels. EA has the 50 day moving average acting as support, along with the bottom support line of the bull flag, and we could be setting up for a golden daily MA cross (50 MA crossing the 200 MA) if price can break to the upside here. As a side note, if my technical analysis (or analysis in general) is helpful and informative, I accept BTC donations ( my BTC address is in the Signature box below.) I'm a full time student in college, so any donations are greatly appreciated! Thank you!
Moving average guide (All daily for this post):
50 day moving average in Green.
100 day moving average in Yellow.
200 day moving average in Red.
Entry: $98.40-$103.20
Target 1: $111.30 (Prior consolidation zone.)
Target 2: $116.00 (Prior consolidation zone.)
Target 3: $121.60 (Prior resistance zone.)
SL: $95.50 (Below the 50 day moving average, below the bottom support line of the bull-flag, and below the previous wick which hit $95.66.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
