Ethereum / BitcoinShort
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.
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