ETHUSDT Could be setting up for a break higher. Here's why.
That SEPTEMBER 2020 sell-off was quite strong and most traders should be (rightly) expecting another leg down after some form of consolidation--- like a bear flag that we could be looking at in the chart. But this bear flag just seems to keep on going (looking at the 4 HR chart) so maybe (just maybe) this is not looking so bearish anymore?
Recent price action is indeed looking more constructive so we could see the market attempt a break higher out of this consolidation to re-test the recent market highs.
I am bullish so I'm watching out for a break above 390 as this could mean we are on the way to re-test 430 and 500 and maybe higher.
Recent price action is indeed looking more constructive so we could see the market attempt a break higher out of this consolidation to re-test the recent market highs.
I am bullish so I'm watching out for a break above 390 as this could mean we are on the way to re-test 430 and 500 and maybe higher.