ETH made a bearish flag, broke below the flag, went down almost equal to the flag width, and is on its way to pull back.
What Is a Flag?
In the context of technical analysis, a flag is a price pattern that, in a shorter time frame, moves counter to the prevailing price trend observed in a longer time frame on a price chart. It is named because of the way it...
This presentation contains the NASDAQ index.
Hourly: Double top and broke the weekly trend line
Daily: Bearish Bat Harmonic pattern
Weekly: rejected twice from the resistance level.
Conclusion: Closing below 13700 will confirm Top Swing, and closing above 14050 in the daily chart makes this analysis obsolete!
Recommendation: Reevaluate your Stop loss.
If you have...