UnknownUnicorn2999322

#ETHUSD long term trading plan

BITFINEX:ETHUSD   Ethereum
After doing over a 100% retrace from the origin of the bullish movement and falling perfectly on both wedge support lines, ETH made a nice move up. After failing to break the resistance at the top of the channel, ETH is forming a bullflag within the channel. The completion of this flag will indicate which way price action will move. I think it will be bullish but I am prepared for both a bearish and neutral scenario.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.