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.