ETH Bear Structure — Strategy by paul_endeo
By paul_endeo
Performance Metrics
- Author: paul_endeo
- Symbol: WHITEBIT:ETHUSDT
- Timeframe: 4 hours
- Win Rate: 47.4%
- Profit Factor: 1.396
Description
ETH Bear Structure is an ETHUSD strategy indicator built on analysis. It maps key price levels directly onto the chart — the $1,800 inverted cup-and-handle neckline, breakdown trigger at $1,714, bear targets at $1,550 / $1,400 / $1,380, and resistance zones at $1,893 and $2,004.The script uses EMA 20/50/100 + SMA 200 to confirm trend direction, RSI for oversold detection, and MACD to filter bearish momentum. Two short entries trigger on breakdowns below $1,740 and $1,714 when price is under all EMAs; a long/squeeze entry fires when price reclaims $1,893 after an oversold RSI reading. The background turns red when price is in the bear zone below the neckline. All critical levels are labeled and color-coded for fast visual reference.