ETH - The Range is getting Narrower 📦

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

ETH has been overall bullish medium-term trading above the blue trendline and it is currently retesting it.

Moreover, the zone 1830 is a strong demand.

🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.

📈 For the bulls to remain in control medium-term, we need a break above the last major high in red around 1930

📉 On the other hand, if the green demand zone is broken downward, expect further bearish movement till the 1750 support.

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