ETH Updated Building Blocks...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per our last analysis, ETH broke below the $2,500 mark to enter long-term bearish territory.
Here is the updated Building Blocks:
📉 Short-Term Bearish:
ETH is currently trading within a short-term bullish block between $2,500 and $3,000.
📉 Long-Term Bearish:
If the $2,500 level is broken to the downside, a long-term bearish movement toward the lower bound of the long-term bearish block, around the $2,100 mark, is expected.
📈 Short-Term Bullish:
If ETH breaks above the short-term bullish block at $3,000, it will enter a short-term bullish block phase.
📈 Long-Term Bullish:
If the $3,500 resistance level is broken to the upside, ETH is expected to enter a long-term bullish block, initiating a new bullish phase toward the $4,000 mark.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
