vf_investment

ETHUSDT ' still in a bull flag formation

Long
CRYPTO:ETHUSD   Ethereum
Hi traders,

Let´s have a look at ETHUSDT on 1D time frame.

As we can see, the price formed a bullish flag pattern and here we have a idea for a long position.
Wait for a breakout before entering the trade and aim for the targets shown on the chart.
Price already retraced more than 50% but we still have the green upsloping support line, which makes it reasonable to follow the bull flag pattern.
The invalidation of this trading idea is when the price closes below the upsloping support (upsloping Green trend line).

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