Ethereum - catch a falling knife

At previous analysis we success to catch a falling knife and buy at $185, congrats.
if we look at major pattern, we have 21 degree double parallel channel with 618 median line, and ethereum still inside this pattern.

After reach symetrical triangle projection at previous analysis, ETH perform mini channel down, and this channel already break up at 185.
after break up mini parallel channel down, ethereum perform bullish flag pattern, and now still inside the flag.

we can follow bullish movement if ethereum reach flag support at $200, and aim for classic support and resistance line at $250 with maximum target at $300.

to understand more about this analysis, check our daily video analysis.

previous analysis :

Сделка активна:

this analysis close, ETH cannot break up bullish key level.
We will update new analysis today