Is This a Sign of an Ethereum Breakout? by cryptomeeks

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· @cryptomeeks ·
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Is This a Sign of an Ethereum Breakout?
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<h2><img src="https://cryptocrimson.com/storage/images/posts/1521658554-ETH-Ethereum-Price-Update-25-February-2018.jpg" width="740" height="510"/></h2>
<h2>Bull Flag Forming for Ethereum?</h2>
<p><br></p>
<p>Happy Tuesday everyone.</p>
<p>I was doing a bit of digging on the crypto charts and found this beauty...</p>
<p><img src="https://www.tradingview.com/x/Kp2hnygL/" width="970" height="639"/></p>
<h3>Looking at Ethereum on the 30 minute bar chart, it appears that a bull flag is forming.&nbsp;</h3>
<p>I've caught it a bit early, and it is still entirely possible that this turns into a more bearish signal like a triangle.</p>
<p><img src="https://www.tradingview.com/x/AyP9EhXu/" width="970" height="639"/></p>
<p>Ethereum may be looking to retest its major line of resistance that it has struggled to breakthrough during this bearish trend.</p>
<p><img src="https://www.tradingview.com/x/CAz8j7ua/" width="970" height="639"/></p>
<p>Ethereum has been caught in an extremely bearish trend since december. Bitcoin and Litecoin have managed to breakthrough their major resistance and turn that resistance into support. Ethereum however has failed to do so.</p>
<h3>This prospective bull flag may be an early foreshadow to a massive breakout through this heavy line of resistance.</h3>
<p><br></p>
<p>Let me know your thoughts!</p>
<h3>Disclaimer: I am not a financial advisor. The articles that I write are for educational purposes only. Do your own research and hold yourself accountable for the investments that you choose to make.</h3>
<h2>Thanks for Reading!</h2>
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