ETH/BTC Bear Flag Pattern Forming
Attention traders,
I am sharing my analysis on ETH/BTC trading at 0.064 BTC. Based on the chart pattern, I have a bearish outlook on this pair.
Currently, a bearish flag is forming, and I am waiting for a breakdown for strong confirmations. The bear flag support is around 0.063 BTC, and the resistance level is at 0.066 BTC.
As per my chart analysis, I am expecting two targets:
Target 1: 0.0583 BTC
Target 2: 0.0532 BTC
This represents a potential 17% downside from the current trading level.
Please remember to place your stop loss as per your preferred risk-reward ratio. Stay vigilant and trade responsibly.
Disclaimer: This is my personal analysis and not financial advice. Always conduct your research before making any trading decisions.
I am sharing my analysis on ETH/BTC trading at 0.064 BTC. Based on the chart pattern, I have a bearish outlook on this pair.
Currently, a bearish flag is forming, and I am waiting for a breakdown for strong confirmations. The bear flag support is around 0.063 BTC, and the resistance level is at 0.066 BTC.
As per my chart analysis, I am expecting two targets:
Target 1: 0.0583 BTC
Target 2: 0.0532 BTC
This represents a potential 17% downside from the current trading level.
Please remember to place your stop loss as per your preferred risk-reward ratio. Stay vigilant and trade responsibly.
Disclaimer: This is my personal analysis and not financial advice. Always conduct your research before making any trading decisions.
Twitter: twitter.com/CryptoPatel
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Telegram: t.me/OfficialCryptoPatel
Instagram: instagram.com/cryptopatel?utm_medium=copy_link
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.