TheSignalyst

ETH - Wait For The Trigger!

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

As per my previous picture and video ideas, we were waiting for ETH to approach our non-horizontal support from H4 and green support from Daily to look for buy setups.

NOW WHAT?

ETH is sitting around the 2000 support, so we are looking for buy setups on lower timeframes.

on M30: ETH formed a valid channel in red but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy.
Which would also be a break above 2000.

Meanwhile, until the buy is activated, ETH would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
http://www.RichTL.com

Telegram Channel
https://t.me/thesignalyst

Youtube
https://youtube.com/c/thesignalyst

For every 4 crypto holders, there's 1 from Kucoin exchange
Sign up Here
https://cutt.ly/Kucoin1