ETH Has Formed another Bear Leg on the H4 timeframe

Ethereum / TetherUS BINANCE:ETHUSDT

Profitlio_Trading

ETH has formed another bearish leg or flag on the H4 timeframe following the bearish trend we have seen recently. Here I am expecting a breakout to form on this bearish flag to revisit the support highlighted close to the 2850 area. Also, we can see the current bearish trend is also running nicely making impulses inside a channel. Any breakout before bear leg confirmation to the upside on this channel formed will invalidate the setup.

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