ETH bull flag

Ethereum broke out triangle at day timeframe. Bull flag. Also it has double bottom at day timeframe. Two scenarios I see from here.

1) Either 245 support hold the price and ETH pump from current bull flag up to 265 - 275.
2) Or it falls back to 230 - 221.

In both cases bullish. I prefer to wait for retracement.

🎯 Resistance 253 - 256 - 260 - 265 - 275
🛒 Support 245 - 239 - 236 - 230 - 221

Kommentera:

And it is still a bull flag =)

Kommentera:

📉 Ethereum chart update 📈

Week past since last update, and Ethereum is still within same bull pennant at daily. Won't say I know the direction. No one knows it. But soon we'll all see. Same two scenarios are valid, so trade triangle in the direction of breakout with the following targets.

1) Pump from current bull pennant to 265 - 275 - 285
2) Dump back to 236 - 230 - 221

Kommentera:

📉 Ethereum chart update 📈

Ethereum followed BTC with bearish scenario. I felt it was most probable - it will be clear at USDT chart as it was growing for too long without any proper pullback.

Now at first support zone. Bounce from here would be very bullish for all crypto market. But I have very serious doubts it will bounce. So below are next in order.

Support zones for bounce: 239 - 236 - 230 - 221