ETH Trying to Drill through the falling Flag

20 mar 2021

ETH has been trapped under a Falling flag now for 46 days if you go back and draw a simple trend line from back then through the recent spikes you get to where we are now. Its pretty significant as the bottom is roughly 0.03 ETHBTC. The question is at this point will it need to go back down and tap it before breaking out? Or can it break out at any point now? Seems to me the impulse is not quite there yet, and it will probably just simply leave the wedge by drilling horizontally through it as a function of time. This is sorta a boring scenario but it seems to be what it coming as we get closer and closer to the end of the squeeze here. Will post Full 4hr zoom out chart below soon to show full trend line.