As per my last analysis (attached below), ETH rejected the 2k zone and traded lower. NOW WHAT?
ETH is overall bullish trading inside the orange channel and it is currently sitting around the lower orange trendlines so I will be looking for trend-following buy setups on lower timeframes. Knowing that it can still test the 1500 one more time before going up.
As per my trading style/plan:
I will be waiting for reversal 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
ETH is overall bullish trading inside the orange channel and it is currently sitting around the lower orange trendlines so I will be looking for trend-following buy setups on lower timeframes. Knowing that it can still test the 1500 one more time before going up.
As per my trading style/plan:
I will be waiting for reversal 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
