Greetings,
ETH is in a consolidation triangle and could make an impulsive move upwards for a third touch of the trend line or a breakout of the triangle.
The current bearish flag (on the 1hr timeframe) appears to be too textbook for an actual downside move.
Timing would suggest the move starting between 6pm-9pm EST as this is when crypto typically has its weekend push.
This analysis is for educational purposes only. It is absolutely speculative and not financial advice.
ETH is in a consolidation triangle and could make an impulsive move upwards for a third touch of the trend line or a breakout of the triangle.
The current bearish flag (on the 1hr timeframe) appears to be too textbook for an actual downside move.
Timing would suggest the move starting between 6pm-9pm EST as this is when crypto typically has its weekend push.
This analysis is for educational purposes only. It is absolutely speculative and not financial advice.