ChartMeMoney

ETH Potential Bull Flag Breakout?

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ChartMeMoney Diupdate   
BITMEX:ETHUSD   None
Potential breakout on ETH.

Currently there is a cup and handle forming on the lower time frames. If it breaks out, it has a target around 139.

If backed by volume this could be our chance at breaking out from this bull flag from the 144 High.


Komentar:
If we can't break it on this next push up abandon ship since we are at the resistance so if we fail a break here, the ride down won't be pretty.
Komentar:
We need 136.5 to hold here and we should see another push up this time potentially breaking 138.

If we fail on this attempt I would exit out of this trade and wait for a better entry below.
Komentar:
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Komentar:
So far so good.

That swing up landed exactly at 138.8
Komentar:
Having trouble here which is to be expected.

However a break of 137 makes this push up to 140 and beyond less likely and puts ETH into a neutral territory.
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