Ethereum (ETH/USD) 15-minute chart: Bear Pennant
A bear pennant on the Ethereum (ETH/USD) 15-minute chart, bearish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Bear Pennant (bearish)
- Entry 2,401.40, stop 2,429.32, target 2,372.60
Full transcript
The chart looks quiet now, but a key line has broken.
October 17, Ethereum on the 15 minute chart, and this bearish pattern confirmed today.
It is a sharp drop, then a tightening triangle, as price compresses under a falling lower edge.
Confirmation was a close below the lower edge at 2409.85.
The measured target is 2372.6.
The invalidation level is 2429.32; a close above it cancels the setup.
The setup is still open, and neither level has been hit yet, so it remains in play.
This is chart analysis, not a trade signal, and no outcome is certain.
A pattern never guarantees its target, and the same shape fails just as often.
go dot borearis dot com
Keep watching
AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.