Continuing on from my previous posting, we have held this bull flag formation quite well and we have bounced off the 26ema in blue.
The Stoch RSI looks like its winding up for another upward move,
But the longer we hold this position without upward continuation here the more bearish it is.
I have made a measured move from the bull flag which measures out to...
I believe at the end of this wedge we have a good chance to pop upward for another move up.
Notice the StochRSI looks primed for another move up.
My target would be near the neckline around 3800.
We could encounter alot of resistance at the 3500 level too so be aware of that.
This trade would be more of a Scalp
If we follow through with this upward momentum we could potentially make a move toward my 3 ETH targets listed in the chart.
Will be watching for a cross between the Orange and blue (12,26 EMA) lines for confirmation of this move.