breakoutfakeout

Eth Flag breakout attempt to 5300 shortly

Long
COINBASE:ETHUSD   Ethereum
Here we can see ETH has formed a flag inside the parallel channel.


Breakout attempt looks about to happen. Buy ahead of breakout to minimise risk.

If the breakout succeeds target is 5300 top of first channel. Second potential parallel channel is also shown. The flag height extension actually takes us to 6000 which may happen but sensible to take profits at 5300 first.

We are also inside a larger double top triangle breakout attempt here





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