ETH, bull flag breakout

31 thg 5, 2024

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.

31 thg 5, 2024

Ghi chú

On the 1H chart a megaphone pattern is forming so I would expect the next price target to be around 3900

31 thg 5, 2024

Giao dịch đang hoạt động

After the price retested the flag it's a good spot to enter a trade right now @3755

31 thg 5, 2024

Ghi chú

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.

1 thg 6, 2024

Ghi chú

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.