BOREARIS

Ethereum (ETH/USD) Bear flag 4 hour

Ethereum (ETH/USD) 4 hourConfirmed Oct 24, 09:00 UTC+8
BaseLowBounceConfirmedClosedInvalid 2,421.40Confirm 2,367.822,352.42Target 1 2,339.80Target 2,311.79━ MA20 + Bollinger Bands ━ MA50 4 hour70503046.00━ RSI ━ 9MA0-17.68━ MACD ━ MACD Signal10/20 13:0010/21 13:0010/22 13:0010/23 13:0010/24 13:00
BaseLowBounceConfirmedClosedInvalid2,421.40Confirm2,367.822,352.42Target1 2,339.80Target2,311.79━ MA20 ━ MA5070503046.00━ RSI ━ 9MA0-17.68━ MACD ━ MACD Signal21 09:0023 01:0024 17:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Bear flag: Target hit

Target2,311.79
First target2,339.80
Confirmation2,367.82
Invalid at2,421.40
Move+2.22%

Timeframe4 hour
ConfirmedOct 24, 09:00
ClosedOct 24, 21:00
Duration16.0 h
Reward / risk1.05

What this tells you

A sharp drop followed by a small bounce; a break below the consolidation usually means the downtrend resumes.

Check it on the live chart

← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
Pole baseOct 21, 22:002,523.40
Pole bottomOct 22, 21:002,353.60
Bounce highOct 22, 22:002,415.10
ConfirmationOct 24, 09:002,367.82

Recently closed Bear flag patterns: 25 in total, 17 reached the target first (68%), 8 were invalidated and 0 expired. Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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