ETHBTC Analysis: Unveiling a Bullish Flag Formation on May 28, 2024

LONG

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May 28
After experiencing a 20% surge following the ETF approval on May 20, 2024, the ETHUSD pair began to consolidate in a bullish flag formation, breaking out on May 28. The flag pattern is notably positioned above the ascending MA-10, indicating a bullish sentiment. This breakout presents a potential buying opportunity at $3900, with a target set at $4700.
Jun 26
Trade has been closed as the stop loss was triggered.

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