🔥 Ethereum Short-Term Bull Flag Formation: Wait For Break!
Updated
ETH has been trending downwards over the last few days. During this downward trend, a bull-flag formation has emerged in the chart.
Personally, I'm waiting for the price to break through the top resistance. Be patient. Targets in blue.
Another way to trade this pattern would be to wait for the price to bounce off the bottom support for a better risk-reward entry.
Personally, I'm waiting for the price to break through the top resistance. Be patient. Targets in blue.
Another way to trade this pattern would be to wait for the price to bounce off the bottom support for a better risk-reward entry.
Note
Bottom support of the flag seems to be holding for now.
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