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