ETH bearish flag or double bottom

2022년 7월 5일

#ETH/USDT
ETH is inside ascending parallel channel, and now faced resistance zone between 0.5 and 0.618 fib levels of last 4h swing down.

🐻 rejection from this zone and break down from lower line of channel can drop price to $600 as channel will act as bearish flag.

🐮 break out from middle line can increase price to $1500 to complete the double bottom pattern.

2022년 7월 9일

액티브 트레이드

#ETH/USDT
last analysis is still valid

price is below middle line of ascending channel.

🐻 price can drop to support zone between 0.5 and 0.618 fib level of last swing high which is the same with lower line of channel.

🐻🐻 break down from lower line of channel will drop price to $700.

🐮 break out from middle line will increase price to upper line.

2022년 7월 12일

노트

#ETH/USDT
#update

ETH broke down from ascending channel, so bearish flag activated and price can drop to $700 and lower.