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Ethereum Technical  Analysis: ETH/USD breaks out from a bull flag set up

  • Etheruem price holding modest gains of just some 1% in the latter stages of trading on Friday.
  • ETH/USD makes a break to the upside from a bull flag pattern, seen on 60-minute chart.

 

ETH/USD 60-minute chart  


 
 

Spot rate:                   225.11    

Relative change:       +1.32%

High:                          225.94

Low:                           219.34

 

Trend:                        Bullish.

 

Resistance  1:            226.00, resistance on 60-minute chart..

Resistance  2:            232.00, choppy supply area.

Resistance  3:            239.50, 30th September high.  

Support 1:                 223.60,  100MA (60-minute).

Support  2:                 222.42, on top of broken flag.  

Support  3:                 221.95, support & 50MA (60-minute).  

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