Similar to other alts, there's a bearish flag pole setup on ETHUSD. It could also be a raising wedge, but it's a bit stretched interpretation.
Measured move is down to 100% retrace at $418.
Measured move is down to 100% retrace at $418.
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Stop loss triggered but it could still play out. ETH jumped back to the top of the parallel channel which means we could still see a bearish flag pole setup.
RSI is high on 1H but not so on 4h.
If you are nimble you can shot at $480 or wait for consolidation. Personally I'n out of this trade on a break even.
RSI is high on 1H but not so on 4h.
If you are nimble you can shot at $480 or wait for consolidation. Personally I'n out of this trade on a break even.