Chartcharacter

Is ETHUSD forming bear flag on 4hr log chart or consolidating?

BITFINEX:ETHUSD   Ethereum
Do your own research and this is not any shape or form of financial or trading advice. In fact, do not believe any word (or analyze above illustration) I am saying/posting here either! I am simply sharing my point of view and my thought process.

I am wondering if ETHUSD forming a bear flag (to move lower) or consolidating (to move higher) on the 4 HR chart. Leave your comments below.


Currently ETHUSD is finding a resistance around price point 155 which is around 0.23 Fibonacci number of recent high price point of 225. See my previous post few days ago on ETHUSD.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.