YinYangCrypto

ETHEREUM bear-flag forming

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hi, as i described inthe past ETH bounced at the support/resistance line 2 in blue witch you can see in on the 1-day chart and moved to the support/resistance line 1.
Here we see a second bear-flag forming in ETH witch could break to the downside, as expected.

My target for the bear-flag is around the 290-350 level witch would be of course a good buy opportunity to enter a long position.

We could have support at 400! Lets see how this plays out.

Thank you! And good luck with your trades
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out