ETH - Flag confirmed, possible retrace to lower fib level?

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Ethereum (BITFINEX:ETHUSD)

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BITFINEX:ETHUSD Ethereum

trendanalysis chartpattern ethereum eth ethusd ethusdt

It looks like ETH could be headed for 1 more dip out of the flag into the lower support level from Aug 1st. with a possible uptrend back to the 233 resistance level afterwards. Very low volume still, so not much movement.

Commentaire:

Looks like the flag will point towards an upward trend. Steady movement along the 220s and will possibly test the 233 resist level again. Volume slowly climbing up and we may not see the dip down towards the support zone.

Commentaire:

Now that we have some higher volume, ETH may test lower support level. Possible long position, with a buy in around the 210-217 area.

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