In my most recent ETH analysis I wrote that ETH was likely forming a bull-flag pattern and was going to break out in the near future.
And here we are. A break out, followed by a retest of the top resistance, which is exactly what bulls want to see.
Our entry has been hit and stop moved just below the retested resistance. This constructs a very decent trade with a risk-reward well over 12.
And here we are. A break out, followed by a retest of the top resistance, which is exactly what bulls want to see.
Our entry has been hit and stop moved just below the retested resistance. This constructs a very decent trade with a risk-reward well over 12.
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