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BTCUSDT.P / H1 / LONGBTCUSDT may rise from the Bullish Order Block
Bullish Order Block :- 89,190 and 87,824
BTCUSDT is currently reacting to a bullish order block between 89,190 and 87,824 on the 1-hour timeframe. Using Smart Money Concepts (SMC), this zone has been identified as a key demand area where institutional traders are likely to place buy orders. The price recently tapped into this level, showing early signs of rejection and potential upward movement. This setup aligns with institutional strategies, making it a high-probability zone for a bullish reversal.
The reaction from this order block is supported by key confluences, including a liquidity grab below a previous low and a bullish market structure. If the price sustains its momentum, we may see a strong upside move from this zone. As always, monitoring for confirmation through candlestick patterns or volume spikes is essential. Let’s see how this plays out, with a high likelihood of ending in profits!
BTCUSDT.P / H1 / LONG
LEVERAGE :- 125X
Entry Price :- 89170
Take Profit :- 92864
Stop Loss :- 85934
SpyThis post here analysis is more about the longer term picture (Months)..
It's been awhile, so here we go.
Lets start with TVC:NYA
This represents 3000 stocks and gives a better picture of the market then S&P which is heavily weight tech.
Weekly chart -
We are at the top of a 15year resistance. Price slightly broke above it but was slammed back inside last week.
As you can see the structure is a wedge and I believe that over the next weeks and months NYA will correct back to wedge support or 17,500
This drop will be 8-10% and weigh heavily on the broader market and cylicals
Next up Is Dow jones or DJI
Weekly chart is pretty much identical to NYA so the analysis is the same
Daily chart
My correction target is 38,000
Or 10% drop
AMEX:IWM
Surprised? Similar chart as DJI and NYA. Only difference was that parabolic move I circled that happen late Nov on the presidential election of 2020. Otherwise this 15yr trendline resistance has stayed resilient. We tagged resistance near ATH and I think we will get one more push back up to 236-239 before it's goodnight.
Daily chart AMEX:IWM
My pullback target will be trendline support or 208/210 price action which would represent a 14$ drop from ATH
IXIC (Nasdaq)
I'm charting the Nasdaq instead of QQQ/NDX because QQQ only covers the top 100 tech names while IXIC covers all tech
Weekly chart
Closed up near top of resistance of Weekly channel. I circled the fake breakouts and break downs.
What was really bad about this week was the Dark cloud cover candle on the weekly .. This candle is pretty rare to see on the indexes; for reference I had to scroll back almost 10yrs and here's what I saw
July 20, 2015
My target for the nasdaq will between 17,500 - 17,800
Which would represent a 10% drop from ATH.
These are weekly charts and weekly forecast which means these corrections may take anywhere from 45-60 days to play out but I think it will happen before the election.. it's important to trade the time frame you are using.
For example, you don't want to take this analysis and just start 0dte puts or buying weeklies.. like I said this may take 2months to play out.
Also this is just the weekly, the hourly has now been severely oversold as a result of 3days of chop and 2 days of and I think the market will rally back up near ATH before the sell begins so don't go chasing shorts early.. imagine last week's leg down as the center line in a double top. I think early this week we'll rally up to make the right top.
Afterwards we should chop for thanks giving and drop afterwards like so
AMEX:SPY is 14% extended from its weekly 50sma. Last three times this happened spy corrected
8-10% within 30-50 days
My correction target for the Spy is 540 or 200sma which would represent a 10% pullback from ATH
So a summary of this post is, I expect a push to the upside early this week and then if the sell does not happen by Thursday then it won't happen till after Thanksgiving
EURGBP: A Trade You Don't Want To MissEURGBP: A Trade You Don't Want To Miss
This is an analysis I posted before and nothing has changed so far. P
EURGBP is testing an old weekly support zone that proved to be strong several times.
Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area.
We have to be cautious at the moment because EURGBP may go down a bit more, but overall should rise from the weekly support zone.
The price tested this area in 2016, 2017, 2020 and 2022.
After the start of the uptrend, EURGBP rose by nearly +400 to +900 pips during the uptrend.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
ChainLink (LINK/USDT)The chart for ChainLink (LINK/USDT) suggests a breakout from a descending wedge pattern, signaling bullish potential.
Key Levels:
Support Zone: $12.87–$13.50 (retest area).
Stop Loss: Below $8.70 to manage risk.
Target 1 (T1): $20.02
Target 2 (T2): $26.21
Target 3 (T3): $32.40
Recommendations:
Entry Point: Consider buying on a retest near $12.87 if support holds.
Risk Management: Place a stop-loss below $8.70.
Outlook: A confirmed breakout and volume increase could drive prices to higher targets, with $32.40 as the long-term goal.
Euro can reach seller zone and then start to decline to 1.0450Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price traded inside the range, where it at once rebounded from the top part and started to decline to the resistance level, which coincided with the resistance zone. Later, EUR entered to this area, where it reached the bottom part of the range and some time traded near, after which started to grow to the top part of the range. Also, when the price rose, it made a gap and after it reached the top part of the range, the EUR turned around and made impulse down. Price exited from the range broke the 1.0805 resistance level, and continued to decline inside the wedge. In this pattern, the price first rose to the resistance area and tried to break the 1.0805 level, but failed and continued to decline to the 1.0600 current resistance level. Soon, the price broke this level too and fell to the support line of the wedge, after which a not long time ago rebounded up. Now, the price trying to exit from the wedge, so, in my mind, the Euro can reach the seller zone and then turn around and start to decline. For this case, I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
GBPJPY - 4hrs ( Sell Trade Target Range 400 PIP ) 🟢 Pair Name :GBP/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
🟢 Key Technical / Direction ( Short )
———————————
Bearish Retest
195.500 Area
Reasons
- Major Turn level / M
- Choch Zone
- Visible Range Hvn
- P / M High Area
- Pattern Retest
Bullish Reversal
191.200 Area
Reasons
- Major Turn level / D
- Visible Range Hvn
- pattern Target
- Fibo Golden
- Quarter's Area
NQ Range (11-18-24)So far the YE Forecast post is holding true. The NAZ did take 1st move higher (Election & Fed Day), any Gov't related news/event usually move Up 1st. The drop back down will need to stay above 19,890 (U Turn Zone) and strong short under. The 3 white TL's are what to look for and use opposite direction trades near these. Remember, Holiday weeks and December generally will try to move up as these are lower trading volume days. Any significant drop will most likely be redirected during the period. 1st Q 25 may be a clean out of Rigged Froth.
PEPE new ATH is coming Hello and greetings to all the crypto enthusiasts, ✌
In this analysis, I aim to provide you with a comprehensive overview of the future price potential for PEPE, 📚💣
A substantial and encouraging influx of capital has recently been directed towards this stock, reflecting strong investor confidence and growing market interest. This surge in investment activity is particularly noteworthy, as it signals a positive shift in sentiment towards the stock's future performance. At the same time, the key first-layer Fibonacci support levels have been holding up effectively, providing a solid foundation for the price action and reaffirming the strength of the current trend. These technical indicators suggest a robust level of price stability and resilience, even in the face of potential market fluctuations. 📚💡
Given this favorable combination of capital inflow and solid technical support, the stock appears to be on the verge of a significant upward movement. In the near term, we could witness an establishing a new historical high. Such a move would not only signal the continuation of the stock's bullish momentum but also present new opportunities for both short- and long-term investors. As the market dynamics continue to unfold, this stock seems poised for impressive growth, making it a key one to watch in the coming months. 📚🙌
🧨 Our team's main opinion is A significant influx of capital and strong first-layer Fibonacci support levels suggest the stock is well-positioned for substantial growth. In the near future, a sharp rally and a potential new all-time high are likely. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
EURUSDForex trading involves higher leverage (up to 50:1) and 24/5 market access, focusing on currency pair movements affected by economic data, interest rates, and geopolitical events - the key risk is that high leverage can quickly amplify losses, plus overnight positions face swap fees and gap risks during major news. Stock trading typically offers lower leverage (2:1 to 4:1), operates during exchange hours, and focuses on company fundamentals, earnings, and broader market sentiment - main risks include earnings surprises, market volatility, and lower liquidity in individual stocks compared to major forex pairs, while key advantages include better transparency through public financial reports and generally lower spreads than exotic forex pairs.
SHIB looks bullish (1D)SHIB seems to be bullish. From where we put the red arrow on the chart, it looks like a triangle is formed, and we are now in wave E of this triangle.
By hitting the green range, we expect another pump from SHIB.
The targets are marked on the picture.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BITCOIN new ATH ( 98500$ )Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Bitcoin, 📚💡
The current chart doesn't reveal any new support level, which is somewhat unusual in this market. To address this, I've employed Fibonacci retracement levels and trendlines to help identify key support zones that might be pivotal in the coming days. Given the recent uptick in trading volume and the influx of new market participants, it seems highly likely that Bitcoin will experience a price increase of at least 10% in the near term. 📚🎇
This potential rise appears to be driven by a combination of strong buying interest and a generally positive market sentiment surrounding the cryptocurrency. However, while the outlook is bullish, it's crucial to remain cautious and stay alert to the possibility of range-bound candles. 📚✨
These candles could indicate a period of consolidation or short-term price fluctuations before any significant upward movement takes place. Staying vigilant and closely monitoring these patterns will help in anticipating the next major price action. 📚💡
🧨 Our team's main opinion is The chart doesn’t show a new support level, so I’ve used Fibonacci retracement and trendlines to identify key support zones. With increased trading volume and positive sentiment, Bitcoin is likely to rise by at least 10%, though short-term consolidation may occur before the next big move.🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Dinosaurs are pumping like hel🦕Dinosaurs are pumping like hell😤
CRYPTOCAP:ADA
+145% in 2 weekly candles📈
CRYPTOCAP:TRX
+25% in 2 weekly candles📈
CRYPTOCAP:XRP
+120% in 2 weekly candles📈
📌The difference with #TRX
is that coins is in price discovery, while #ADA
& #XRP
are pumping from the bottom
Bull market really rewards💸
XAUUSDXAUUSD is in a correction phase. If the price stays above 2524, it is expected that the price will have a chance to test the 2656 level. Consider buying the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
Market Crash. It will happen again!! Be ready..There are not only similarities. Many factors are the same even worse. It will crash !!
Today, let’s look back at how everything in 2007 was sunny until it wasn’t, and we will compare that data with today’s.
The current market situation, as reflected in the Fed's rhetoric and actions—general narrative, interest rates, inflation, unemployment, etc.—is very similar to the state that preceded past crises.
Yes, history is not a guarantee that the future will be the same, but it is a guide that should not be ignored. It’s good to take at least the main lessons from it because listening to the general sentiment and talking heads on TV often doesn’t pay off. Those who now lament that the Fed is unnecessarily and excessively lowering rates will shout the loudest in six months for the Fed to continue lowering them. Ignoring the past is like voting for Kamala Harris and expecting change and development. Sorry, white braindead dudes…
So, let’s get to the main message of today’s article: We will take a very detailed look at 2007 and how it all unfolded step by step. First, we’ll analyze 2007, and then compare it with 2024. After that, we’ll look at the financial “health” of the average US consumer and American companies.
Let’s go!!
CHAPTER 1: THE YEAR 2007
The first rate cut was at the September FOMC meeting on 18.9.2007 by 50bps to 4.75%. The market was shocked by this Fed decision because it expected a cut of only 25bps, and articles began appearing everywhere that the Fed was ahead of itself and would cause inflation and another endless stock market rise. The Fed succumbed to market pressure! Below is an excerpt from The NY Times article:
The S&P500, DJI, and all other major indexes immediately surged to new all-time highs.
Yay, bullbrun!!! Helicopter money, the Fed has given up. Sell your car and buy stocks, everyone!
Meanwhile, unemployment at this time remained around 4.7% and was relatively stable.
The next rate cut came at the November meeting by 25 basis points (bps) and another 25 bps at the December meeting. “Let’s enjoy Christmas in peace, there’s nothing to worry about, we’re lowering rates for a soft landing. Like lying down in a bed with Egyptian cotton sheets.”
But then the new year arrives, and it seems Wall Street spent all its money on gifts because a week before the planned January FOMC meeting, an EMERGENCY MEETING is held, and the Fed cuts rates by 75 bps. A week later, at the planned FOMC meeting on January 30, 2008, another 50 bps cut brings rates down to 3%. In March, another 75 bps cut follows, and in April, another 25 bps, bringing the total to 2%.
Then comes a long pause until early October, when the Fed holds another EMERGENCY MEETING and cuts rates by 50 bps. Immediately at the next planned FOMC meeting two weeks later, it cuts again by 50 bps to a final 1% interest rate.
Here it is an Excel chart for better clarity !!
Here is a complete overview of the rate cuts during this period:
Let’s forget about the Fed Funds for a moment and look at what the yield curve (US02Y YIELD) on 2-year bonds was doing.
Since the first rate cut in September 2007, it went down and then dropped another 82% over the next 12 months!
What were MONEY SUPPLY and INFLATION doing during this period?
Both money supply and inflation were rising. M2SL increased from $7.4 trillion to $8.2 trillion, and inflation rose from about 2.8% to 5.4%. However, this range in inflation has been completely normal since 1982, as we have been moving within this range. Although inflation had a momentary rise, it was nothing out of the ordinary and then experienced an absolute washout.
It’s crucial to keep asking the key question: What was the narrative at that time? What was the “general” opinion and sentiment? It was: The Fed gave in, the bull run continues, inflation is up, the market is saved, and the Fed is overdoing it, buddy, unnecessarily.
What about the long pause between April and October when rates were flat?
It was half a year of stabilization, waiting to see what would happen. They were worried that they had cut rates so aggressively that they were ahead of the market and now had to wait for the market to calm down. Read: every pundit in the news claimed the Fed had overdone it and was unnecessarily aggressive.
So, when did the total meltdown in the stock market begin?
During the pause in interest rates between April and October 2008, the market was relatively stable and only lost about 15% of its value. It was only after this period that the real crisis hit, and the DJI lost another 41% of its value over the next six months – see chart below.
Let’s put everything together for the year 2007:
Comparison of US02Y Yield, DJI, Unemployment, and Interest Rates:
US02Y Yield: The yield on 2-year bonds dropped significantly, falling by 82% over the next 12 months after the first rate cut in September 2007.
DJI (Dow Jones Industrial Average): The market initially surged to new all-time highs but later experienced a significant downturn.
Unemployment : Remained relatively stable at around 4.7% during this period.
Interest Rates: The Fed cut rates multiple times, starting with a 50 bps cut in September 2007, followed by several more cuts, eventually bringing the rate down to 1% by the end of the period.
Alright, let’s take a look at what GOLD and the VIX were doing at that time. Gold kept hitting new all-time highs, while the VIX was lying in bed with a cold until October 2008. In short, it took about 13 months from the first-rate cut for the VIX to show any significant upward movement, which then triggered the final cascade of the entire market.
From the first rate cut in September 2007 to March 2008, gold increased by 38%, while the VIX remained dormant. The VIX only started to spike in October 2008 after the Fed had kept rates flat for six months, leading to the real and juicy market meltdown.
Alright, enough history, let’s move on to the current state.
Chapter 2: The Year 2024
Now, let’s shift to the present and look at what the same charts, narratives, and everything else tell us today. We’ll start with the Fed. We’ll always start with the Fed because it’s our bestseller.
Surprise, surprise, the Fed cut rates on September 18, 2024, exactly like in 2007, by 50 basis points to 4.75%1. The talking heads are just as shocked and fascinated by this event as they were in 2007.
For the upcoming meetings, the expectation is a 25 bps cut in November and another 25 bps cut in December. Any resemblance to 2007 is purely coincidental…
What about the indexes?
Well, we’re hitting new endless records, champagne is flowing, and we’re using rolled-up newspapers for coke because banknotes are too small. In LalaLand, the DJI reaches 43,100 USD and the S&P500 hits 5,900 USD. The crowds are going wild…
The current sentiment, according to “experts,” is:
According to a survey, only 8% of respondents expect something like a hard landing. Yuck, who would want a hard landing? 76% expect a soft landing, and the rest prefer not to expect anything at all.
Notice how the probability of a HARD LANDING has been decreasing throughout the year. This reflects the general sentiment because if a crisis were to happen, it would have come long ago.
What about UNEMPLOYMENT?
It remains stable at around 4.1%, but due to statistical errors from the statistical office, we will have to wait about 12 months for the actual values.
What about the MONEY SUPPLY and INFLATION charts?
The money supply is increasing, and inflation is back in its “comfort zone” of around 2-5%.
Let’s put everything together for the year 2024:
Comparison of US02Y Yield, DJI, Unemployment, and Interest Rates:
Interest Rates: Decreased from 4.75% to 4.25% (a reduction of 50 basis points).
Unemployment: Increased from approximately 3.4% to 4.4%.
US02Y Yield: Dropped from 5.2% to 3.5%.
Dow Jones Index: Continues to hit new all-time highs every day.
And what about the GOLD and VIX charts?
Gold has risen by about 9% since the first rate cut, reaching new all-time highs (ATHs), while the VIX is still “sleeping” and pretending not to notice.
That’s all well and good, but what does it all mean?!
YEAR 2007 vs 2024
It means that if we look closely and with the benefit of hindsight at 2007, the current situation is not just similar to before, it is EXACTLY the same. I don’t believe that history will repeat itself step by step and down to the last detail as before, but this comparison is meant to show you that most events can be seen in the data in advance. However, it’s hard to find this information through the disinformation deluge we call MAINSTREAM MEDIA.
Macro charts, which most smart money follows and which have historically proven to be very accurate, show the same sequence of events as in 2007-2008. Additionally, China is already experiencing a similar real estate crisis as in 2008 (their words, not mine) and they think they can cover a 20 trillion loss with a 500 billion package. That will require a lot of prayers and incense sticks…
CHAPTER 3: STRONG ECONOMY AND INDOMITABLE CONSUMER
Powel, Yellen and all politics still speaking about a strong economy, I don’t know if they are intentionally lying or they are stupid. but here is retail data. How is the average American citizen doing, who barely finished high school, sleeps with a machine gun under their pillow, doesn’t have a passport, and thinks Africa is just below England?
Average Americans are starting to drown in debt, and the chance of defaulting on the minimum debt in the next 3 months is increasing to about 14%.
Auto loan defaults 90 days past due are now at 2.9%. Highest in 14 years.
let’s look at ALL loan defaults together:
We are in a very, very similar situation to 2007. There is no extreme yet, but notice how everything is starting to prepare for expansion. I don’t give it much weight as long as we’re below about 2, but I definitely wouldn’t support this chart because it’s another piece of our MACRO puzzle.
What about the labour market?
The labour market in the USA has fallen to 34.2 hours in terms of average hours worked per week. This is the lowest in 14 years. It is a continuous decline, with the labour market weakening for 8 months in a row, starting with the slow reduction of full-time jobs to part-time jobs and continuing with the gradual reduction of the workforce.
Moreover, most large companies plan to lay off more employees at the beginning of the new year, which will result in hundreds of thousands of people losing their jobs. Last month, the number of part-time jobs was at 28.16 million. The third highest number in history and 400,000 more than in 2008.
Additionally, household investment in the stock market is at an absolute maximum, with the average Joe having over 48% of their assets in stocks. Double the value of the last 15 years.
Well, everyone has some stocks, what’s wrong with that?
There’s nothing wrong with investing in stocks, quite the opposite. Anyone with a bit of extra money should have a portion of their assets in quality stocks. However, it’s always important to keep in mind what the smart money is doing.
CEOs, owners, and large investors are selling their stocks, and so-called “corporate insiders” are buying stocks at the slowest pace in the last 13 years
The problems that crush the middle class are of course also connected to the real estate market housing affordability is currently the worst since 1985 and we are below 2008 levels! That’s not even talking about how many properties are now for sale in the US below pre-Covid values.
What about companies? How do entrepreneurs succeed and why does it all take so long?
First, we have the US election in about 3 weeks, and Japan’s Powell (samurai sake kimono, or something) has confirmed that the BOJ will not raise rates until after the US election.
Moreover, the buyback in stocks has never been as brutal as this year 2024 – see chart below.
Come on, it’s cool, isn’t it? When a snake starts eating itself, maybe it’s a long enough snake. The problem is that the SPX index consists of 7 strong companies. The remaining 493 companies report yet another quarter when they have a 0% increase in earnings.493 companies do not even meet the reduced expectations for 2024.
But Magnificent 7 and AI Narrative will take it all by themselves. We’re already looking forward to having a robot make us a drink and getting into Elon’s autonomous taxi… which will actually be driven by a remote-controlled Indian from somewhere in the basement of Marrakesh.
The Russell index is not much better, with so-called “zombie companies” reporting negative earnings reaching over 43% of the index.
Buffet is not buying properly for the past 3 years and he is sitting on the historically biggest cash positions. He is waiting for the opportunity, which can come soon or next year. This is macro and it has a much longer timing.
This week NFPs are coming with bad data and corrections are even worse. Most of the new jobs are created in the government sector.
Oh and banks are holding in the biggest unrealized losses in the past two decades
Also, we just passed 36 Trillion in debt, they added 1 Trillion in just 4 months.
It's a mix for the mother of all crashes, when it will happen. I don't know macro top timing is difficult as you can see Kyosaki, Schiff, Burry and many more have been calling for the crash for years, eventually one day it will happen. Growing unemployment + fed rapid rate cuts are the last pieces to the puzzle.
Once FED starts rapid cutting it will be the time.
What to do?
Definitely don’t be leveraged in any position. Be solvent and make sure you have a stable income. Have cash to use on this lifetime buy opportunity and buy some great assets when the interest rate hits 0% it could be the bottom of the crash. Will Bitcoin protect you? I don’t know, Bitcoin was not through such a crisis yet. But Im holding since I bought it down here
Of course as usual this is not financial advice just my opinion. Do your own research.
Be ready, to buy the bottom, this will be epic!
Dave Hunter
GBPJPY: Potential for Further Rise Amid BOJ UncertaintiesGBPJPY: Potential for Further Rise Amid BOJ Uncertainties
Bank of Japan Governor Kazuo Ueda stated that the economy is making progress toward achieving sustained wage-driven inflation, but provided few clues on whether the central bank might raise interest rates next month. The market remains uncertain about a potential rate hike, as the BOJ has not yet altered its Monetary Policy statement, leaving the JPY vulnerable to market speculation.
Although the JPY is not in the same situation as it was a few months ago, the significant difference in interest rates compared to other countries remains a strong reason for its continued weakness.
Technical Analysis:
GBPJPY completed a bullish harmonic pattern at 194.30. The initial price reaction was a clear push of nearly +100 pips. Following this brief pause, GBPJPY is expected to rise again. While it is somewhat risky, this projection aligns with fundamental analysis. GBPJPY may reach the first two targets this week.
Targets: 🎯 196.30 🎯 196.85 🎯 197.50
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Gold 1H Intra-Day Chart 17.11.2024Gold markets are oversold so sooner or later we will see some form of short term recovery. Here is what I am looking for next;
Option 1: Gold prices dip lower keep lower towards the next target of $2,534 before prices recover.
Option 2: Gold keeps dropping towards $2,520 where price action will create some form of inverse H&S pattern.
DeGRAM | GBPUSD rebound in the channelGBPUSD is moving in a descending channel between the trend lines.
The chart maintains a descending structure, but after reaching the lower boundary of the channel, it formed a harmonic pattern.
The price has already consolidated above the dynamic support, which has already acted as a rebound point.
We expect a continuation of the rebound into the channel
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ETHUSDT Bullish Flag Pattern!ETHUSDT Technical analysis update
ETHUSDT is trading inside a bullish flag pattern. The price could touch the flag's support line again, with the 100 EMA acting as strong support at the bottom of the flag before moving higher. A bullish move can be confirmed once the price breaks the flag pattern.