ETH: Local Bull Flag In The Works!

Here we are looking at ETHUSD on the Daily TF…

As marked by the yellow arrows, ETH appears to be forming a local bull flag following its most recent move up. Thus far, ETHUSD has been able to flip the EMA Ribbon to support.

This idea will continue to be in play as long as it can remain above the ribbon. ETH has now been going sideways in this tight range for 2 weeks, so I expect to see a move soon.

I will continue to develop this structure, and will provide an update when there are new developments!

Cheers!