Ethereum has been on quite a bullish tear since early April. While price has pulled back and consolidated a bit, the markets could be winding up for it's next big breakout! There have been 2 fantastic bullish candlestick setups in the past few days. The first is a morning star setup that formed as a large, high quality signal. Price continued to consolidate and then a large bullish pin bar formed. These signals also formed off of a very key support level which strengthens the bullish bias. Overall I think in the crypto space this setup makes a compelling buy. A potential trade would be to enter on an upside break of the morning star or pinbar candles with a stop loss just below the bottom of either. This trade would offer a very attractive risk/reward scenario.
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Flat Pattern setup on ETHUSD
