ETH - Critical Resistance Ahead!
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been stuck inside a range between our 1500 support and 1700 resistance.
Currently, Ethereum is sitting around the 1700 resistance.
🏹 For the bulls to remain in control, we need a Daily Candle Close above 1700.
In this case, further bullish movement would be expected.
Meanwhile, if we break below the last H4 low in orange, then we will be expecting ETH to reject the 1700 resistance to test the 1500 support again.
In this case, as ETH approaches the 1500 support, we will be looking for new short-term buy setups as we did previously.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH has been stuck inside a range between our 1500 support and 1700 resistance.
Currently, Ethereum is sitting around the 1700 resistance.
🏹 For the bulls to remain in control, we need a Daily Candle Close above 1700.
In this case, further bullish movement would be expected.
Meanwhile, if we break below the last H4 low in orange, then we will be expecting ETH to reject the 1700 resistance to test the 1500 support again.
In this case, as ETH approaches the 1500 support, we will be looking for new short-term buy setups as we did previously.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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