Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
DAILY: Left Chart
After breaking below the 1820 support, ETH traded lower in an aggressive manner to finally find support around 1650.
H4: Right Chart
ETH is now stuck inside a range.
📈 For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1705
📉 In parallel, if the red low is broken downward, expect further bearish movement till the around the 1500 support to fill the wick!
For now, we wait ⏱
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
DAILY: Left Chart
After breaking below the 1820 support, ETH traded lower in an aggressive manner to finally find support around 1650.
H4: Right Chart
ETH is now stuck inside a range.
📈 For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1705
📉 In parallel, if the red low is broken downward, expect further bearish movement till the around the 1500 support to fill the wick!
For now, we wait ⏱
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
72 hours left for the 33% discount!
Use Coupon: TV6 on www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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Use Coupon: TV6 on www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal