🐻 Bearish Pennant Forming on ETH/USDT (15m) | March 2, 2026
ETH is currently printing a classic Bearish Pennant on the 15-minute chart with a Confidence of 73.4 and Maturity at 74.3% the pattern is still forming but nearing completion.
🔍 Pattern Breakdown:
• Flagpole: ~2.0% sharp drop from ~$1,980 → ~$1,915
• Pennant consolidation: Price tightening between converging resistance (~$1,970 → $1,950) and rising support (~$1,915 → $1,935)
• Resistance Touches: 2 | Support Touches: 2
• Current Price: ~$1,935–$1,940 (FORMING)
📉 What to Watch:
A confirmed breakdown below the pennant's lower support line on increasing sell-side volume would signal continuation of the prior downtrend. The measured move target is calculated by projecting the flagpole length from the breakdown point.
⚠️ Risk Reminder: Pattern is still forming. Wait for a confirmed candle close below support with volume expansion before entering short positions. Set stop-loss above the pennant high (~$1,970).
📊 Chart by ChartScout.io
#ETH #ETHUSDT #BearishPennant #CryptoTA #TechnicalAnalysis #Ethereum #CryptoTrading #BinanceSquare #ChartPatterns #Altcoin s
ETH is currently printing a classic Bearish Pennant on the 15-minute chart with a Confidence of 73.4 and Maturity at 74.3% the pattern is still forming but nearing completion.
🔍 Pattern Breakdown:
• Flagpole: ~2.0% sharp drop from ~$1,980 → ~$1,915
• Pennant consolidation: Price tightening between converging resistance (~$1,970 → $1,950) and rising support (~$1,915 → $1,935)
• Resistance Touches: 2 | Support Touches: 2
• Current Price: ~$1,935–$1,940 (FORMING)
📉 What to Watch:
A confirmed breakdown below the pennant's lower support line on increasing sell-side volume would signal continuation of the prior downtrend. The measured move target is calculated by projecting the flagpole length from the breakdown point.
⚠️ Risk Reminder: Pattern is still forming. Wait for a confirmed candle close below support with volume expansion before entering short positions. Set stop-loss above the pennant high (~$1,970).
📊 Chart by ChartScout.io
#ETH #ETHUSDT #BearishPennant #CryptoTA #TechnicalAnalysis #Ethereum #CryptoTrading #BinanceSquare #ChartPatterns #Altcoin s