Eth looks primed to pop up out of this 4 hour bull flag and continue its tear to around 185 region.
Check the bullish divergence on 4 hour.
Rejection off daily trend line, and 4 hour support line.
Looks like an unbelievable set up my only concern is the low ish volume....
Lets see what happens!
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Moved stop to break even at 154.2 looks like its struggling to break out of bull flag plus I am expecting it to break down out of this overall daily bearish rising wedge pattern at some point, hence the tight stops. Lets see what happens!
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Stopped out in profit :/ If I had the original stop loss I would have been taken out. Will look for re-entry on the break of 173. Hit my first tp of 173.
@Burakb1, tell that to my divergenced based pull back strat that has netted me a lovely 12% return since the 22nd of Jan. :)
transparent-fx
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I have this overall TA on ethusd, pretty interesting pair
TrimmerTrading
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@transparent-fx, how can I watch bro, video won't play for me. I agree with your analysis from the screen shot, I believe Eth will break down out of this rising wedge like structure.