Good day traders, a friend of mine asked me to do some analysis on ETHUSD, and this is what I came out with, firstly I looked for any chart patterns which lead me to that bearish flag and this pattern is a continuation pattern. The market respected the pattern and retracted below till price reacted the next important level. Secondly we can clearly see that price failed multiple times to break the support(Rectangle) showing the strength of the buyers in the market(Signal).
Risk wisely!!
Risk wisely!!