ETH - Last Couple of Candles of 2023
Hello TradingView Family / Fellow Traders,
Based on my recent ETH analysis, we anticipated a rejection from the blue circle zone, as it is the intersection of the lower bound of the blue channel and the 2,150 support.
Now, what's next?
📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above the last major high marked in orange at 2,270.
In this case, a movement to the 2,500 round number and upper red trendline would be expected.
📉 Meanwhile, ETH would be stuck inside a range, but the bulls will remain in control as long as the 2,100 level holds.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Based on my recent ETH analysis, we anticipated a rejection from the blue circle zone, as it is the intersection of the lower bound of the blue channel and the 2,150 support.
Now, what's next?
📈 For the bulls to remain in control and take over from a medium-term perspective again, we need an H4 candle close above the last major high marked in orange at 2,270.
In this case, a movement to the 2,500 round number and upper red trendline would be expected.
📉 Meanwhile, ETH would be stuck inside a range, but the bulls will remain in control as long as the 2,100 level holds.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Trading Made Simple; and Rule-Based
RichTL.com
Instagram
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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.