ETHUSD - Bear Flag

7. Juni 2021

ETH (right chart) is forming a nice bear flag pattern, indicating that it might head lower. Altcoins usually follow BTC price action. For BTC (left chart), the 20EMA recently crossed the 200EMA. There is a good chance that the bull run is over, and we are at the cusp of a bearish period.

12. Juni 2021

Anmerkung

ETH retested and closed below the bear flag, confirming bearish movement.