ETH/USDT Outlook ICT Concepts
📈💰 Welcome to Your Channel!
Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Let's dive into the Crypto market, focusing on one of its key assets: ETH/USDT.
📉🔍 Previous Week's Analysis and Bearish Trend
In our previous analysis, we anticipated a reaction to the Fair Value Gap (FVG) followed by a continuation to the downside, which indeed occurred. The price moved down, taking out the previous low and reaching the Sell-Side Liquidity (SSL) marked out.
📊📉 Formation and Respect of New Fair Value Gaps
Subsequently, new Bearish Fair Value Gaps (FVG) were created, and the price respected these gaps, continuing its downward movement. Thus, the overall bias for the past week was bearish, as discussed.
🚀📈 Liquidity Sweep and Long Position Opportunity
Before we delve into the significant Fair Value Gap (FVG) visible on the chart, it's important to note that Equal Lows (EQL) were formed. Following this, there was a liquidity sweep, and the price tapped into the FVG. This provided an excellent opportunity for a long position on lower time frames.
📈💰 Current Price Range and Anticipated Movements
Regarding the current price range, we can anticipate a retracement lower, followed by a potential move higher. However, we need further confirmation, as the price action is not as clear as it should be.
📊⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Let's dive into the Crypto market, focusing on one of its key assets: ETH/USDT.
📉🔍 Previous Week's Analysis and Bearish Trend
In our previous analysis, we anticipated a reaction to the Fair Value Gap (FVG) followed by a continuation to the downside, which indeed occurred. The price moved down, taking out the previous low and reaching the Sell-Side Liquidity (SSL) marked out.
📊📉 Formation and Respect of New Fair Value Gaps
Subsequently, new Bearish Fair Value Gaps (FVG) were created, and the price respected these gaps, continuing its downward movement. Thus, the overall bias for the past week was bearish, as discussed.
🚀📈 Liquidity Sweep and Long Position Opportunity
Before we delve into the significant Fair Value Gap (FVG) visible on the chart, it's important to note that Equal Lows (EQL) were formed. Following this, there was a liquidity sweep, and the price tapped into the FVG. This provided an excellent opportunity for a long position on lower time frames.
📈💰 Current Price Range and Anticipated Movements
Regarding the current price range, we can anticipate a retracement lower, followed by a potential move higher. However, we need further confirmation, as the price action is not as clear as it should be.
📊⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
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.