ETH, bull flag breakout

31. Mai

I expect ETH to reach ATH areas again as it broke out of a nice and clean bull flag.
Also the lower inflation data is supporting the market in general and indices found strong support today.

31. Mai

Anmerkung

On the 1H chart a megaphone pattern is forming so I would expect the next price target to be around 3900

31. Mai

Trade ist aktiv

After the price retested the flag it's a good spot to enter a trade right now @3755

31. Mai

Anmerkung

The retest is confirmed now and we have a bullish engulfing candle on the daily. Next week should provide more bullish momentum as indices are closing very bullish in the last hours of this month.

1. Juni

Anmerkung

I was a bit too early with my comment. The daily candle didn't close as an engulfing candle. It's now important to see how the weekly candle will look in two days.