ETH - Critical Zone 🔑
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last two ETH analysis (attached on the chart), we were looking for trend-following buy setups around 1750
📈 ETH traded higher and broke above the 2000 resistance. Now What?
We are currently in a bearish correction phase inside the rising wedge in orange.
🏹 For the bulls to take over again, for another impulse movement upward, we need a break back above 2000
UNLESS ETH breaks below the lower orange trendline and gray zone, then we will expect an over-extended bearish movement till the 1750 support again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last two ETH analysis (attached on the chart), we were looking for trend-following buy setups around 1750
📈 ETH traded higher and broke above the 2000 resistance. Now What?
We are currently in a bearish correction phase inside the rising wedge in orange.
🏹 For the bulls to take over again, for another impulse movement upward, we need a break back above 2000
UNLESS ETH breaks below the lower orange trendline and gray zone, then we will expect an over-extended bearish movement till the 1750 support again.
📚 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
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.