Ethereum Technical Analysis: ETH/USD dangerous bearish flag still eyed
05/16/2019, 05:09:49
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Spot rate: 169.22 Relative change: -1.70% High: 175.24 Low: 167.80 ETH/USD 60-minute chart ETH/USD near-term price action via 60-minute has breached

  • Ethereum price on Thursday is trading in negative territory, nursing losses of around 2.5%.
  • ETH/USD price action is moving within a bearish flag structure via the daily. 
  • Major near-term support tracking at $165-160, lower acting trend line, a failure to hold could invest chunky selling pressure. 
  • Ethereum price on Thursday is trading in negative territory, nursing losses of around 2.5%.
  • Ethereum price on Thursday is trading in negative territory, nursing losses of around 2.5%.
  • ETH/USD price action is moving within a bearish flag structure via the daily. 
  • ETH/USD price action is moving within a bearish flag structure via the daily. 
  • Major near-term support tracking at $165-160, lower acting trend line, a failure to hold could invest chunky selling pressure. 
  • Major near-term support tracking at $165-160, lower acting trend line, a failure to hold could invest chunky selling pressure. 

     

    Spot rate:                  169.22

    Relative change:      -1.70%

    High:                         175.24

    Low:                          167.80

     

     

    ETH/USD 60-minute chart

    ETH/USD 60-minute chartETH/USD 60-minute chart
    • ETH/USD near-term price action via 60-minute has breached and retested a bearish flag formation. 
  • ETH/USD near-term price action via 60-minute has breached and retested a bearish flag formation. 
  • ETH/USD near-term price action via 60-minute has breached and retested a bearish flag formation. 

     

    ETH/USD daily chart

    ETH/USD daily chartETH/USD daily chart
    • Price action via the daily continues to remain within the confinements of a bearish flag structure. 
  • Price action via the daily continues to remain within the confinements of a bearish flag structure. 
  • Price action via the daily continues to remain within the confinements of a bearish flag structure.