Bull Flag Forming for 
ETHUSD?
Happy Tuesday everyone.
I was doing a bit of digging on the crypto charts and found this beauty...
Looking at Ethereum on the 30 minute bar chart, it appears that a bull flag is forming.
I've caught it a bit early, and it is still entirely possible that this turns into a more bearish signal like a triangle.
Ethereum may be looking to retest its major line of resistance that it has struggled to breakthrough during this bearish trend.
Ethereum has been caught in an extremely bearish trend since december. Bitcoin and Litecoin have managed to breakthrough their major resistance and turn that resistance into support. Ethereum however has failed to do so.
This prospective bull flag may be an early foreshadow to a massive breakout through this heavy line of resistance.
Let me know your thoughts!
View my steemit article here.
ETHUSD?Happy Tuesday everyone.
I was doing a bit of digging on the crypto charts and found this beauty...
Looking at Ethereum on the 30 minute bar chart, it appears that a bull flag is forming.
I've caught it a bit early, and it is still entirely possible that this turns into a more bearish signal like a triangle.
Ethereum may be looking to retest its major line of resistance that it has struggled to breakthrough during this bearish trend.
Ethereum has been caught in an extremely bearish trend since december. Bitcoin and Litecoin have managed to breakthrough their major resistance and turn that resistance into support. Ethereum however has failed to do so.
This prospective bull flag may be an early foreshadow to a massive breakout through this heavy line of resistance.
Let me know your thoughts!
View my steemit article here.
Nota
Update: ETH hit some pretty tough resistance at $410 levels. Looks like I was wrong this time.
Best Regards,
Micah J Miller
Micah J Miller
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Best Regards,
Micah J Miller
Micah J Miller
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.