TheSignalyst

ETH - Trend-Following Setup Soon!

Long
BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
Ethereum is overall bullish trading inside the orange channel so we will be looking for Trend-Following Buy setups.

We will be waiting for Ethereum to approach our lower orange trendline, to look for potential trend-following buy setups (with a good RRR ).

Knowing that Ethereum can still trade higher aggressively from here, without us on board. In this case, we will be looking for sell setups on lower timeframes as it approaches the blue zone and all-time-high . (Unless the price breaks it upward aggressively, then we will be looking for buy setups on its retest.)

As per my trading style:
I will be waiting for it to approach the lower trendline to look for possible buy setups (like a double bottom , trendline break and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

agree with your prognosis I think the same
+4 Reply
TheSignalyst Yuriy_Bishko
@Yuriy_Bishko, good luck Yuriy
Reply
Hello bro! nice chart!
+3 Reply
TheSignalyst TopTradingSignals
@TopTradingSignals, thank you dear
Reply
Very nice chart ! Well done
+1 Reply
TheSignalyst KlejdiCuni
@KlejdiCuni, thank you :D
Reply
Yes, I'm in!
+1 Reply
TheSignalyst coldsteel_trading
@coldsteel_trading, Perfect!
Reply
Hi my friend! very accurate. thanks for sharing!! 🦐
+1 Reply
TheSignalyst plancton0618
@plancton0618 thank you dear
Reply
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