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ETH - Prepare for Takeoff ✈️ OR Brace for Impact 🛩Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart ETH has been overall bearish trading inside the red falling broadening wedge pattern. However, it is currently approaching the lower bound / red trendline. Moreover, the 1500.0 is a strong support, demand and round number. 🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the 1500.0 and lower red trendline. on H1: Right Chart ETH is also bearish from a short-term perspective trading inside the falling blue channel. 📈For the bulls to take over, we need a break above the last high in blue. Meanwhile, ETH would remain bearish and can still test the 1500.0 round number. 📉If the 1500.0 is broken downward from Daily timeframe, expect long-term bearish continuation! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
31
ETH Critical Week ⏰ Analysis #20/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After breaking below 1500 last week, ETH is now trading inside the falling wedge pattern in red. 🏹As mentioned previously, for the bulls to take over long-term , we need a break above 1700 Meanwhile, we will be bearish short-term, and 1500 is our next support. If we break below 1500 again, we will be expecting a movement till 1350 zone. In this case, as we approach 1350 support, we will be looking for buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
27
ETH - Getting Oversold! 🏄🏻‍♂️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting the 1700 resistance, ETH has been bearish from a medium-term perspective. 🏄🏻‍♂️ ETH is now approaching a strong rejection zone, which I call a " TRIO RETEST " 1- The lower orange trendline of the channel acting as a non-horizontal support (in oarnge) 2- The horizontal support zone 1450 - 1500 (in green) 3- The lower red trendline of the megaphone pattern acting as an over-sold zone (in red) As per my trading style: As ETH approaches the blue circle intersection, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Which scenario do you think is more likely to happen? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
22