Ethereum (ETH/USD) 1-hour chart: Bear Pennant
A bear pennant on the Ethereum (ETH/USD) 1-hour chart, bearish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Bear Pennant (bearish)
- Entry 2,410.55, stop 2,450.78, target 2,373.05
Full transcript
Ethereum is caught between two levels, and only one gives way first.
October 15: Ethereum on the one-hour chart confirmed a bear pennant today.
A bear pennant is a sharp drop, then a tight triangle that pauses the fall.
It looks like price catching its breath before choosing a direction.
Confirmation comes when price closes below the lower edge, here at 2419.69.
From here, the measured target sits at 2373.05, while invalidation is a close above 2450.78.
The pattern is still in play. Neither the target nor the invalidation level has been hit.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.