ETH April 29, 2024: Waiting to Breakout
Weekly chart: On April 29, 2024, 
ETHUSD s forming a bull flag pattern above the rising 30-week and 52-week MA. A breakout move out of this pattern suggests a further increase to 4670 (first target, the peak of 2021 uptrend) and 6370 (second target)
Daily chart:ETHUSD moved up above MA-20 which is a positive sign however it is still below its MA-50 and the current resistance (3280) seems not easy to clear.
I would put a buy stop order above the MA-50 on daily chart and 10-week MA on weekly chart.
ETHUSD s forming a bull flag pattern above the rising 30-week and 52-week MA. A breakout move out of this pattern suggests a further increase to 4670 (first target, the peak of 2021 uptrend) and 6370 (second target)Daily chart:
ETHUSD moved up above MA-20 which is a positive sign however it is still below its MA-50 and the current resistance (3280) seems not easy to clear.I would put a buy stop order above the MA-50 on daily chart and 10-week MA on weekly chart.
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Feragatname
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