Finally some great days for the crypto markets, we didn't see two consecutive weeks without a big dump for a long time.
Briefly, what's going on Ethereum right now? As we have seen the bull flag configuration leading to big gains in the past week, should we expect the same behaviour?
Well, the two flags are similar, and as you can see they already produced same fake breakout pattern. The differences between the two are surely the volume (now is more present: this could be both a continuation or inversion indicator), and the length.
We are still not sure about where this flag will break, but we will expect a big candle once we exit the channel. As you can see from the graph, a upward move is more likely with this pattern and market condition
What is your opinion on this? Let us know!
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We still are inside the channel: both support and resistance tested multiple times. The difference is that if we break support we will go down 5/8 dollars, but if we break the resistance it will be around 10/12 dollars