ETHUSD Technical Analysis Bearish Pennant Breakdown & Key Target
This Ethereum (ETH/USD) 1-hour chart showcases a bearish market structure with a series of lower highs and lower lows after breaking below a key resistance zone. A bearish pennant pattern has formed, signaling a potential continuation of the downward trend.
Breakdown Confirmation: The price broke below a key trendline, signaling bearish momentum.
Supply Zone: Price is struggling to break higher, indicating strong selling pressure.
Range Formation: A period of consolidation suggests potential for further downside.
Demand Zone & Targets: The demand zone below acts as potential support, with TP1 at 1850 and a final target at 1825 if bearish momentum continues.
Traders should watch for a breakout from the current range—either a bearish continuation toward 1825 or a potential reversal if demand strengthens.
Note:
This is not a trading signal, just my personal analysis based on current market trends.
Breakdown Confirmation: The price broke below a key trendline, signaling bearish momentum.
Supply Zone: Price is struggling to break higher, indicating strong selling pressure.
Range Formation: A period of consolidation suggests potential for further downside.
Demand Zone & Targets: The demand zone below acts as potential support, with TP1 at 1850 and a final target at 1825 if bearish momentum continues.
Traders should watch for a breakout from the current range—either a bearish continuation toward 1825 or a potential reversal if demand strengthens.
Note:
This is not a trading signal, just my personal analysis based on current market trends.
👉 lucky person will join this link 👇
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
Related publications
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.
👉 lucky person will join this link 👇
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
t.me/+1iCkqnlXaHFjMjg0
🎯 DAILY FREE SIGNAL 🔥
🎯 FOREX GOLD SIGNAL🔥👇
🎯 BTCUSD AND CRYPTO SIGNALS
t.me/+1iCkqnlXaHFjMjg0
Related publications
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.