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⋅ Potential breakout on ETH.
Currently there is a cup and handle forming on the lower time frames. If it breaks out, it has a target around 139.
If backed by volume this could be our chance at breaking out from this bull flag from the 144 High.
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⋅ If we can't break it on this next push up abandon ship since we are at the resistance so if we fail a break here, the ride down won't be pretty.
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⋅ We need 136.5 to hold here and we should see another push up this time potentially breaking 138.
If we fail on this attempt I would exit out of this trade and wait for a better entry below.
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⋅ So far so good.
That swing up landed exactly at 138.8
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⋅ Having trouble here which is to be expected.
However a break of 137 makes this push up to 140 and beyond less likely and puts ETH into a neutral territory.