

Ethereum Classic is also trading in a confirmed uptrend, with the most recent higher low formed on July 26 at $22.82 and the most recent confirmed higher high printed at the $28.20 mark on July 23.The measured move of the break from the pattern is 94%, which indicates Ethereum Classic could eventually make its way up to the $43 dollar mark.

The Ethereum Classic Chart: Ethereum Classic’s bull flag was formed between July 13 and July 22, with the pole created over the first seven 24-hour trading sessions of that timeframe and the flag formed over the remaining days.
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Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial. When a stock breaks up from a bull flag pattern, the measured move higher is equal to the length of the pole and should be added to the lowest price within the flag.Ī bull flag is negated when a stock closes a trading day below the lower trendline of the flag pattern or if the flag falls more than 50% down the length of the pole.

Bullish traders will want to watch for a break up from the upper descending trendline of the flag formation, on high volume, for an entry. Estimate : 3,000- 4,000 Starting Bid : 2,61056 Cartier 20 Gold Coin Watch By European Watch & Clock Co.Aggressive traders may decide to short the stock at the upper trendline and exit the trade at the lower trendline. For bearish traders, the "trend is your friend" (until it's not) and the stock may continue downwards within the following channel for a short period of time.
