ETH/USD 4HOURS WE WILL GOING SHORT WE WILL BE MARKET GO DOWN

1. Price Movement & Trend

The chart shows Ethereum's price action in a downward channel (blue and red zones), indicating a bearish trend.

Recently, the price broke out of this channel and is attempting a recovery.



2. Support and Resistance Zones

Resistance Zone (Upper Box): Marked near the 2,990.31 level, indicating a potential area where price could face selling pressure.

Support Zone (Lower Box): Marked as an area where price previously found buyers and could bounce.



3. Trade Setup

Entry Zone (Red Box): A price area where traders might be entering short positions.

Target Zone (Green Box): Marked lower, suggesting a possible take-profit level.

Stop-Loss: Implicitly placed above the entry zone.



4. Indicators & Signals

Sell & Buy Markers: Signals generated based on market conditions.

Fibonacci Level (0.77): Used to analyze potential price retracement levels.

Trendlines: Green lines indicating a possible rising wedge or ascending channel formation.



5. Overall Analysis

The chart suggests a bearish outlook, with a potential drop to the lower green target zone.

However, if price breaks the resistance, it could invalidate the bearish setup.



ITS NOT FINANCIAL ADVISE