BoomerangCap

Bear Flag in ETH

BITFINEX:ETHUSD   Ethereum
Probably, the operative chart in crypto may be a bear flag in ETH. If ETH bounces and fails at 268, 200, or even 120 could be next.

The decline in crypto seems to be leading a decline in equities. Bearish RSI divergence and Bollinger band resistance on the weekly charts of SPY and QQQ hint that equities could go down a lot more than people might imagine. September is historically a bad month for equities.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.