ETH/USD: Bearish channel flag
Ethereum forming a bearish channel flag and I will show you my specific target to trade in H1 timeframe, as also this what Ethereum it's right now it's in this pull back in hte moment of this analysis and we see a little bearish rising wedge that you can to do better in H2 or more to look it's in 30 minutes timeframe
Now, I see that as we break out this chartist pattern and make another pull back in both mode in these charist pattern bearish channel flag and bearish rising wedge, it's a perfect entry to short Ethereum now.
This it's the situation in Ethereum right now in H4 and we're into this bearish channel that we could to see a drop to $2,821 USD approximately.
So guys, my trade it's the following. I entry in short position around of $3,025 USD, SL to $3,096 USD and my specific target will be to $2,906 USD. This it's a risk/benefit of 1:2 to trade Ethereum.
Good luck!!!
Now, I see that as we break out this chartist pattern and make another pull back in both mode in these charist pattern bearish channel flag and bearish rising wedge, it's a perfect entry to short Ethereum now.
This it's the situation in Ethereum right now in H4 and we're into this bearish channel that we could to see a drop to $2,821 USD approximately.
So guys, my trade it's the following. I entry in short position around of $3,025 USD, SL to $3,096 USD and my specific target will be to $2,906 USD. This it's a risk/benefit of 1:2 to trade Ethereum.
Good luck!!!
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