ETH Flag Pattern: Quick Short then $2K

3 Nov 2023

Hi Traders, Investors and Speculators of Charts📈📉

As you know, we're trading in the opening moments of a new bullish cycle. Often when quick increases happen, pullbacks and corrections are sure to follow, even during a bull market this is natural.

ETH formed a flag, and this gives the opportunity to take either a long or a short. Watch the video for a quick setup with conditions and an easy to understand explanation.

Remember, support and resistance zones are great to watch for possible long and short opportunities during brief pullbacks!

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CryptoCheck

ETHUSDT

3 Nov 2023

Nota

I'll update here again after the weekly candle close.

6 Nov 2023

Nota

Beautiful close ABOVE the channel for ETH.
As long as Bitcoin dominance continues to drop, macro cap alts should continue to increase.
Allthough a bounce for BTC.D may be close, it looks like macro cap alts can do another push before rotating back into BTC.