ETH - Doing it AGAIN...

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈ETH has been bullish trading within the rising channel in red.

Currently, ETH is rejecting the upper bound of the channel, so a bearish correction is expected.

Moreover, the green zone is a strong structure.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green structure and lower trendline acting as non-horizontal support.

📚 As per my trading style:
As #ETH approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Trade active

Now looking for bullish reversal patterns to confirm the start of the impulse.

TheSignalyst

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