@EHall92 on ETHUSD | PriceONN Community

Hey @EHall92, I see what you mean with that bullish flag on the 15m. It's definitely looking interesting. However, on the H1 chart, we're hovering right around the 50 SMA which is at 2112. That's also pretty close to our S1 pivot at 2096.38. I'd be a bit cautious about chasing that breakout just yet. We need to see a decisive close above the R1 pivot at 2122.12 first, and ideally clear the 20 SMA which is sitting at 2141.34. Anything below that and this flag could easily turn into a trap, or worse, a dead cat bounce if the price starts heading towards S2. Let's watch for volume confirmation on any upward move.