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.

You might be interested in …

Trading View April 19, 2022

SNX SUITED FOR AN OVER 300% PUMP

SNX SUITED FOR AN OVER 300% PUMP SNX / TetherUS BINANCE:SNXUSDT yiga1 https://www.tradingview.com/chart/o3DSirlP/ SNS has consolidated to its original support and resistance trendline since Dec 2020, historical analysis suggest that a break out of this […]

Trading View March 27, 2022

Third elliot wave

Third elliot wave Bitcoin / TetherUS BINANCE:BTCUSDT ajclash05 161% ( roughly ) will go down of wave a. Bitcoin is still moving sideways inside this Rising Wedge Pattern. Weekend is getting closer and weekly candle […]

Trading View April 24, 2022

1INCH/USD – Potential 500+% Setup

1INCH/USD – Potential 500+% Setup 1INCH Token / Tether KUCOIN:1INCHUSDT caselinben Hello Traders! 1inch completes the correction phase moving in a local downtrend. The price reached the buyers’ interest zone of $1.05 – $1.58 In […]