EthereumShort
ETHUSD - Bearish Weekly Setup
With the weekly candle closing a short while ago, it locked in a fairly bearish price action pattern. The pattern is a bearish Inside Bar/Pin Bar combo. This pattern would imply a greater probability that price continues its bearish trend. If price does break down in a major way then the next logical support zone is between $80-90. If that level were to give then the next support after that would be in the $40-50 range. For this pattern to be invalidated price would need to break and hold about $155.
Dad of 5 • Dev • Candlestick Whisperer • Crypto class of 2019
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.