@skhan25 on ETHUSD | PriceONN Community
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Is anyone else seeing this bullish flag pattern developing on the ETHUSD 4-hour chart? After that surge past 2320 earlier, we've consolidated into a tight range. The flag pole looks pretty strong from the earlier move up, and the flag itself is forming a nice, tight consolidation zone. I'm looking for a clean break above the upper trendline of this flag, which aligns closely with the R1 pivot at 2342. If we can get a strong candle closing above that with increased volume, I'd be looking to enter long, targeting higher levels. It feels like smart money might be accumulating here before the next leg up.
Replies
@skhan25 I do see that bullish flag forming on the 4H, Sana. The consolidation looks tight enough. However, given the recent news about those Bitcoin Latinum fraud allegations, I'm a bit hesitant to jump in without seeing a clean breakout above the 200 SMA around 2317. Let's see if it holds.