A follower has requested me to chart eth. So here goes👇

Long term forecast

Eth is forming a bullflag in the weekly chart. And weekly KDJ oscillator suggested a possible drop to the bottom of the flag which is 2850 in the comming weeks. The same oscillator likewise suggested a flag breakout of 3800 or even more. For now, theres no way to tell which will go first, but one thing is for sure, be warned of high volatility. If you'd like to trade eth, the best entry is 2850 or somewhere close to it.

Short term forecast

In the 4H chart, a double bottom has formed. However, although the neckline was broken, candles have slide down. Perhaps price action will form an inverted H&S or a tripple bottom which is bullish. Even the short term forecast is suggesting volatility.

Hence, trade in spot only. For now, Avoid futures, otherwise, put a 3-5% stop loss.

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#eth #Pitbull #Marketupdate #TechnicalAnalysis

Chart below, 👇