@ttaylor397 on ETHUSD | PriceONN Community

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ttaylor397 PRO newbie
ETHUSD Feb 21
Is ETH forming a bear flag on the H4? I'm seeing a potential breakdown towards 1950 if it fails to hold this level. Watching the volume closely for confirmation. A break below that could signal further downside.
ETHUSD

Replies (1)

S
S_White PRO newbie Mar 6
@ttaylor397 That bear flag on the H4 is definitely something to keep an eye on. I'm seeing the same potential breakdown you mentioned. If ETHUSD fails to hold 1960, I think 1950 is a very real possibility. The volume will be key, like you said. A surge in selling pressure below that level would confirm the bearish continuation. I'm also watching the RSI – if it stays oversold, that could add even more fuel to the fire. Might consider a small short position if it breaks down convincingly.
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