Bearish Order Block (OB): Identified near the $1,590–$1,600 zone, this region represents institutional selling pressure. Price has recently revisited this OB, marking it as a retest level for potential short entries.
• Bearish Pattern Formation: After a corrective upward channel (bear flag), price met resistance at the OB zone and sharply rejected, forming a target zone labeled “Target 🎯 win”. This signifies a successful bearish entry, confirming the OB’s validity.
• Fibonacci Level: The price bounce aligns closely with the 0.882 retracement level, reinforcing this as a strong area of confluence prior to the downward continuation.
• Projected Move: Based on the chart’s arrows and price structure, a further decline is expected, targeting the demand zone near $1,414.7, which aligns with previous support and liquidity accumulation zones.
• Technical Sentiment: Bearish bias remains dominant while ETH stays below the $1,600 resistance. A breakdown below intermediate support around $1,480 may accelerate the move toward the $1,414 target.
• Bearish Pattern Formation: After a corrective upward channel (bear flag), price met resistance at the OB zone and sharply rejected, forming a target zone labeled “Target 🎯 win”. This signifies a successful bearish entry, confirming the OB’s validity.
• Fibonacci Level: The price bounce aligns closely with the 0.882 retracement level, reinforcing this as a strong area of confluence prior to the downward continuation.
• Projected Move: Based on the chart’s arrows and price structure, a further decline is expected, targeting the demand zone near $1,414.7, which aligns with previous support and liquidity accumulation zones.
• Technical Sentiment: Bearish bias remains dominant while ETH stays below the $1,600 resistance. A breakdown below intermediate support around $1,480 may accelerate the move toward the $1,414 target.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.