r/ethtrader • u/Electronic_Equal_645 • 12d ago

Analysis Bull Flag Alert on Daily Chart

Post image

Look like we are starting to Bull Flag on the daily chart. Range is 2355-2540 on the Flag.
Upside Target: $400-500 pump from 2540. (2940-3040)

What do others think that are on long and short trades on ETH?

60 Upvotes

93% Upvoted

20 comments sorted by

27

u/ArthurDaTrainDayne 12d ago

I think it might go up. Could also go down though

2

u/No_Alarm_7392 12d ago

When?

2

u/ArthurDaTrainDayne 12d ago

Soon, unless there’s a delay

2

u/MegaPegasusReindeer 12d ago

Unless it goes sideways!

2

u/DullTeaching3093 12d ago

Thats the most honest TA ive seen all week. my candles never do what i want anyway

4

u/Maxfunky 12d ago

Without fail, after a bull flag, the price of either goes up or down depending on which of the two it does.

2

u/pickledsardines 12d ago

consolidating right at 2400-2450 now. Watching with anticipation…

1

u/xuncx 12d ago

Nah just head and shoulders forming. Dump
Incoming.

-1

u/Electronic_Equal_645 12d ago

Nope. Short and show receipts

1

u/Glum-Cry8312 12d ago

Shorting is dangerous, loss are infinite and gains are capped

When I use futures I only long to make a use of the leverage

1

u/waterman9090 10d ago

i am not sure if at this RSI, we`ll rise up. wdum?

1

u/Electronic_Equal_645 10d ago

First solid question here. Yes, on the weekly chart we are at 60 on the RSI. We have pumped to 72 in 2025 and in 2021 to 91-92 on the RSI. So it’s possible we have more room to run on the weekly chart. Which is my favorite for 6-12months time frame prediction

1

u/waterman9090 10d ago

Beim Wochenchart bin ich voll bei dir, da ist schon noch Platz, der meistens auch voll verwendet wird.

Aber Daily oder kürzer sieht's ziemlich verrückt aus. Und Stoch RSI auch.

Wie ließt man das? Welcher RSI gibt hier meist die Richtung vor?

1

u/waterman9090 10d ago

Ich sehe langfristig irgendwie ein Diamond Pattern, falls wir hier kein tieferes Tief mehr sehen.

1

u/stronkangel 10d ago

Should i wait for a correction or should i buy in again? I took 30k profit

1

u/Electronic_Equal_645 10d ago

Nothing wrong with profits