Hello TradingView Family / Fellow Traders,
📦 After breaking below the $3650 structure, ETH has been bearish trading within the falling channel marked in orange.
📈 For the bulls to regain control, and push towards the $4000 mark, a break above the upper trendline and $3700 is needed.
📉 Meanwhile, ETH would be overall bearish and can still trade lower to test the lower orange trendline and $3,200 demand zone.
Which scenario is more likely to happen first, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📦 After breaking below the $3650 structure, ETH has been bearish trading within the falling channel marked in orange.
📈 For the bulls to regain control, and push towards the $4000 mark, a break above the upper trendline and $3700 is needed.
📉 Meanwhile, ETH would be overall bearish and can still trade lower to test the lower orange trendline and $3,200 demand zone.
Which scenario is more likely to happen first, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/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.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/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.