ETHUSD Bullflag

Jul 7, 2017After an extraordinary run so far in 2017, ETH needed some time to pull back and consolidate. While many have counted it down and out, this chart shows a clear Bullflag forming on the daily (Log) chart, supported by .618 Fib Line, an even $250, and RSI trend.

Jul 23, 2017

Comment

First published idea... sorry for using the rectangle tool, I did not realize it moves when you zoom in and out! I've since learned that the channel tool holds its position.

Since publishing, ETH continued to trade in this channel but has indeed broken out to the upside in the last couple days. Lets look for a push above $250 for confirmation.