As predicted in my analysis last week, Ethereum has begun blasting off. Prudent traders were watching the bullish flag pattern that had form and watching for a breakout of the upper channel of the flag. Due to the very large size of this pattern we could see quite a large rally in the days, weeks and even months ahead. If this is a pattern you are trading or are interested in trading there are a vast number of ways to manage your risk/reward and profit taking levels. I mention just a few potential way to trade a flag pattern but as always follow your rules and stick to the risk you are comfortable with.
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