ETH/USD - Bear Flag Spotted! (Trending Market)
Hello friends! The price of Ethereum (ETHUSD) might be moving in a Bear Flag after a strong move, initiating a Trending Market .
We can watch the price consolidating in a upwards channel. The price hit the Resistance Line of the Channel at 153.17 followed by a rejection to 114.70.
The bears are still in control of the market, so please be aware of another heavy price drop.
A move towards 100.00 confirms the Bear Flag pattern.
I personally don't trade this pair and this idea - so please verify possible entries, exits and (trailing) stop-loss levels by yourself.
cheers,
cryptobuller
We can watch the price consolidating in a upwards channel. The price hit the Resistance Line of the Channel at 153.17 followed by a rejection to 114.70.
The bears are still in control of the market, so please be aware of another heavy price drop.
A move towards 100.00 confirms the Bear Flag pattern.
I personally don't trade this pair and this idea - so please verify possible entries, exits and (trailing) stop-loss levels by yourself.
cheers,
cryptobuller
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