ETH NEXT POSSIBLE SCENARIO!!

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Welcome to this quick ETH update.

ETH is forming a bearish flag pattern in the 4hf time frame and currently, it is testing the middle line of the flag. I'm expecting a rejection from here and the price might go to test the lower line of the flag. Here we have strong support also.

After hitting the lower line, we can expect a bounce up to the $1230-$1250 range. I'm setting my long bids at the $1150-$1170 range with the tight SL. Let's see how this goes.

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Bearish FlagChart PatternscorecryptoETHETHUSDTTechnical IndicatorsresistencesupportTrend Analysis

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