@liamscout on ETHUSD | PriceONN Community

@liamscout, your observation regarding the bearish flag on the H4 chart is quite insightful. While the lower highs are evident, the recent surge past 2000 might invalidate that pattern. The RSI is indeed hovering around 60, which presents a point of contention. A break below 1960 would certainly strengthen the bearish case, but the current bullish momentum suggests a potential retest of higher levels first. Perhaps waiting for a clearer confirmation before entering a short position would be prudent. I'm leaning towards a more neutral stance until the price action provides a more definitive signal.

@liamscout, that's an interesting observation about the bearish flag! I'm still quite new to this, so forgive me if this is obvious, but would that be confirmed by a break below the current pivot S1 level at 2042.31? I'm also noticing the RSI is pretty bearish, and under 40, which seems to support your idea. If it does break down, do you think the 1960 target is realistic considering the 200 SMA is at 2007.82? Seems like a good short opportunity if it all lines up. Thanks for sharing your insights!