This 1H ETH/USD chart highlights a clear transition from consolidation to distribution and then into a bearish trend. Price first ranged in tight consolidation zones before a bullish breakout that ultimately failed, forming a double top near the highs. A confirmed CHoCH (Change of Character) signaled bearish control, followed by rejection from a Fair Value Gap (FVG) within a descending channel.
With downside momentum increasing, price is now targeting lower liquidity levels, with $2,833 as the first target and $2,728 as the second. Overall structure favors continuation to the downside unless price reclaims the channel and invalidates the bearish bias.
With downside momentum increasing, price is now targeting lower liquidity levels, with $2,833 as the first target and $2,728 as the second. Overall structure favors continuation to the downside unless price reclaims the channel and invalidates the bearish bias.
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my first target has been successfully achieved market will go down to the next target soon what do you think leave your feedback traders Trade closed manually
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telegram channel link
t.me/+7y0Bw7_dVc42OTJk
join to get daily basis 2-3 free signal for educational purpose
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get information about Gold, BTC and forex market
t.me/+7y0Bw7_dVc42OTJk
t.me/+7y0Bw7_dVc42OTJk
join to get daily basis 2-3 free signal for educational purpose
t.me/+7y0Bw7_dVc42OTJk
get information about Gold, BTC and forex market
t.me/+7y0Bw7_dVc42OTJk
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.
