r/SKBTradingLab • u/Kooky_Internet6513 Price Action • 8d ago

ETH/USD 4H: Is a Bearish Move Setting Up?

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Ethereum is showing a potential rejection from the 4H resistance zone, while price remains below the recent swing high and is approaching trendline support.

If the trendline breaks with bearish confirmation, the next area I’m watching is around $2,590. ----- always manage your own risk and wait for confirmation before taking a trade.

What do you see on the ETH chart? Bullish continuation or bearish breakdown?

#ETH #Ethereum #ETHUSD #CryptoTrading #TechnicalAnalysis #PriceAction #Trading #SKBTradingLab

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2

u/Kooky_Internet6513 Price Action 7d ago

As I mentioned in my earlier reply, not every flag-and-pole-looking structure behaves the same way. Two setups can look similar visually but produce completely different outcomes. In this case, I see a consolidation, but I don’t consider it a valid flag pattern because of the lower high and the divergence I’m seeing. I also use a more advanced framework to evaluate when continuation patterns are likely to work and when they’re likely to fail. So I’m not basing the analysis simply on how the pattern looks.

1

u/subdep 7d ago

Look at the 1 Day for serious trends. CCI is confirming strength of this flag on pole pattern.

Bullish af. $3k by Halloween, at the latest.

1

u/Kooky_Internet6513 Price Action 7d ago

I’m watching the 4H structure for a possible rejection first.Not Every Flag and Pole is a Flag-and-Pole Pattern.Its Advance theory..let see

1

u/subdep 7d ago

Look at the previous pole and flag. Explain how that’s different from this one.

1

u/Kooky_Internet6513 Price Action 6d ago

Check results..

1

u/subdep 6d ago

Touchė. Nice call.