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mweezy

Bear Flag within larger Trend Channel $ETHUSD $ETH

Ethereum (BITSTAMP:ETHUSD)  
mweezy Atualizado   
BITSTAMP:ETHUSD   Ethereum
Support and Resistance Flag Parallel Channel
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supportandresistance flagpattern parallelchannel
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.
Comentário:
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.
Comentário:
looks like that channel is holding. Strong support along that bottom line.
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