ETH/BTC bull flag forming

13 ביולי 2021

Hello traders. I have just noticed an interesting pattern forming on the daily chart of ETH/BTC – a bull flag with potential target around 0.10. We can clearly see support zone at 0.55 and a resistance at 0.70. My personal projection for BTC and ETH is for a big upside movement (40 000$+ and 2500$+), which perfectly alines with the current ETH/BTC price action. I expect maybe another week of choppy bouncing between support and resistance before a sharp breakout at the end of July/early August. Trade only the breakout, don’t trade inside the patterns!