Ethereum (ETH/USD) 1-hour chart: Bull Flag
A bull flag on the Ethereum (ETH/USD) 1-hour chart, bullish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Bull Flag (bullish)
- Entry 2,505.33, stop 2,478.39, target 2,548.35
Full transcript
Ethereum sits between target and failure, and either can hit first.
October 14: Ethereum on the hourly chart, and a bull flag confirmed today.
A bull flag is a sharp rally, a shallow drift lower, then a break above the upper rail of that drift.
Here, price rallied, eased back, and then closed above 2502.98.
That close confirmed the pattern.
The measured target is 2548.35.
The invalidation level is 2478.39; a close beyond it cancels the pattern.
It is still in play, and neither level has been hit yet.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.