ETH is forming a bull flag i.e. the uptrend is likely to resume
Execution
Wait for the breakout, enter if price decisively breaks above the upper flag trendline around $4,150. Avoid buying inside the flag
Take Profit
The pattern projects a target near $4,981
This is calculated by measuring the ~$800 "flagpole" rally and adding it to the breakout
Risk Mitigation
Place a stop loss just below $4,100 If price falls into the flag, the trade is invalidated
Execution
Wait for the breakout, enter if price decisively breaks above the upper flag trendline around $4,150. Avoid buying inside the flag
Take Profit
The pattern projects a target near $4,981
This is calculated by measuring the ~$800 "flagpole" rally and adding it to the breakout
Risk Mitigation
Place a stop loss just below $4,100 If price falls into the flag, the trade is invalidated
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.