A clean Bullish Flag often precedes a big move. Validate your entry.
Bullish continuation if preceding move was up.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
Technical analysis of Ethereum (ETH) reveals a significant setup. The stock is trading at $1857.64, down 1.04% on the day. Price action has carved out a classic Bullish Flag. The trend indicator is reading 13.9/100, suggesting moderate momentum. A potential breakout level is identified at $1955.15, targeting $2586.65 with support near $1836.61 (R:R 5.33).
What is your outlook on ETH?