ETHUSD is currently trading in a corrective structure
forming a classic bullish flag pattern.
Analyzing the structure on the left, we can notice that the pair
is approaching a key structure support level around 200.
There will be a high chance to see an accumulation of buying volumes inside this area.
For confirmation, we will wait for a bullish violation of a bull flag.
It will be a perfect indicator of the start of a new bullish wave.
Target levels:
220
230
Stop goes below the lowest point of the flag.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
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⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.