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$ETH We Just broke out of a Bear Flag on the 1D.
Took out the untapped FVG around 2395 and then saw a bearish reclaim of the Key S/R level at 2151. Now we're breaking down from this Bear Flag.
All of these factors combined suggest that bearish momentum is still in control. We also have a set of EQLs sitting around 1537, which are currently acting as a magnet for price towards the downside.
This Bear Flag breakout could be the trigger for a move into that region. That's why I'll be looking for shorts on pullbacks over the coming weeks, targeting 1537 first and then the 1190-1148 region, where I expect us to form a macro bottom for this bear market.
#FedHikesBackOnTheTable #TrillionDollarIPOs #SECTokenizationDelay
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