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
๐ 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.
๐น 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.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last two ETH analysis (attached on the chart), we were looking for trend-following buy setups around 1750
๐ 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.
๐น 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.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal