COIN NAME: $ETH

✅ Pattern: Bullish Flag

🔷 Components:

Flagpole (Impulse Uptrend):

Clear move from around $2,440 to $2,720, forming a steep upward leg.

This establishes strong buyer momentum.

Flag (Consolidation Channel):

A tight downward sloping or sideways range (~$2,560–$2,640).

Price is respecting support/resistance within the flag — classic bullish flag behavior.

Decreasing volume confirms cool-down before next move.

Breakout Point:

Price hovering near the top of the flag channel (~$2,640).

Once this breaks with volume, a rally is likely.

📈 Target Projection (Measured Move):

Flagpole Height:

$2,720 − $2,440 = $280

Breakout Zone:

~$2,640

Target:

$2,640 + $280 = ~$2,920 to $2,940

Your target on the chart is marked at $2,847.10, which is well within the expected range — realistic and technical.

📌 Trade Idea (if breakout confirmed):

Entry: After 1H/4H candle closes above $2,640 with volume.

Target: $2,847 – $2,920

Stop-loss: Below flag low (~$2,560)

🟠 Caution:

If $ETH rejects from $2,640 or breaks below $2,560, pattern becomes invalid and short-term downside risk increases.

NOTE: I am not responsible for any profit and loss.

#DYOR

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