ETH seems weak; rise in FLAG accompanied by decreasing volume
Just an update on my recent ETH post
The flagpole was not able to touch the upper side of the falling wedge.
ETH right now is fighting heavy resistance in the 3050 to 3330 zone trying to get inside the Ichimuko cloud.
Overcoming this zone may lift ETH to 4000 to 4200 zone, the measured move of the flag formation.
However, failure to hold 2900 will send ETH back down to retest the 2200 zone where the flag started.
not trading advice
The flagpole was not able to touch the upper side of the falling wedge.
ETH right now is fighting heavy resistance in the 3050 to 3330 zone trying to get inside the Ichimuko cloud.
Overcoming this zone may lift ETH to 4000 to 4200 zone, the measured move of the flag formation.
However, failure to hold 2900 will send ETH back down to retest the 2200 zone where the flag started.
not trading advice
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