BOREARIS

Ethereum (ETH/USD) Bear pennant 4 hour

Ethereum (ETH/USD) 4 hourConfirmed Oct 15, 22:00 UTC+8
BaseLowBounceConfirmedClosed2,430.10Invalid 2,424.45Confirm 2,337.50Target 1 2,301.62Target 2,265.73━ MA20 + Bollinger Bands ━ MA50 4 hour70503047.78━ RSI ━ 9MA0-15.82━ MACD ━ MACD Signal10/13 06:0010/13 18:0010/14 06:0010/14 18:0010/15 06:0010/15 18:0010/16 06:00
BaseLowBounceConfirmedClosed2,430.10Invalid2,424.45Confirm2,337.50Target1 2,301.62Target2,265.73━ MA20 ━ MA5070503047.78━ RSI ━ 9MA0-15.82━ MACD ━ MACD Signal13 18:0014 18:0015 18:00

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

Bear pennant: Invalidated

Target2,265.73
First target2,301.62
Confirmation2,337.50
Invalid at2,424.45
Move-3.82%

Timeframe4 hour
ConfirmedOct 15, 22:00
ClosedOct 15, 21:00
Duration3.0 h
Reward / risk0.82

What this tells you

A sharp drop followed by a small converging triangle; a downside break usually continues the decline.

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 14, 14:002,527.10
Pole bottomOct 15, 09:002,309.63
Bounce highOct 15, 10:002,415.20
ConfirmationOct 15, 22:002,337.50

Recently closed Bear pennant patterns: 12 in total, 9 reached the target first (75%), 3 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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