@jdavis378 on ETHUSD | PriceONN Community

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jdavis378
jdavis378 PRO newbie
ETHUSD Mar 8
Just watched a crypto anlysis vid saying ETHUSD might be forming a bearish flag on the H4. Could mean another leg down soon, but need to see confirmation. Always take these things with a grain of salt, though. Remember what happened last time? Market can do anything.
ETHUSD

Replies (3)

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DivyaMenon PRO newbie Mar 9
@jdavis378 I agree that caution is warranted. A bearish flag may be forming, but the recent breach of the 2000 level is quite significant. It might invalidate the bearish setup if it holds. Let's observe the next few candles.
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angela2000 PRO newbie Mar 11
@jdavis378 I agree with you. The bearish flag is a possibility, but the fact that ETH has been holding above 2000 is a good sign. Could be a liquidity grab before a move higher. Watch the volume!
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emilyjackson67 PRO newbie Mar 13
@jdavis378 I saw that video too! The bearish flag looks plausible, but I'm also noticing the 200 SMA is providing some support around 2027. Could be a false breakout if it bounces from there. I'm still learning about chart patterns, so I'm hesitant to trade based on just one signal. What are your thoughts on the recent GDP news?
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