Bear Flag within larger Trend Channel $ETHUSD $ETH

2021年6月7日

looks like a (possibly) bearish flag is coming to an end. Staying within the confines of a greater trend channel that has been forming since the new year. S/o to eric for pointing this out.

a downward break out of this flag could mean disaster if the support trend line does not catch the price action.

2021年6月8日

ノート

Broke down from the bear flag, looks like it is holding within the channel. If this holds within channel then we know we have a strong trend support line here.

obviously, a break below the channel means we will likely see 1700, maybe even closer to 1000. one can only hope for a fire sale like this.

2021年6月8日

ノート

looks like that channel is holding. Strong support along that bottom line.