TheSignalyst

ETH - The Bulls Are Still Strong - For Now โ—๏ธ

OKX:ETHUSDT   Ethereum/Tether
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

ETH is still stuck inside a big range and it is currently hovering around the lower bound / support zone around 1810

๐Ÿ“ˆ For the bulls to take over from a medium-term perspective, we need an H4 momentum candle close above the last major high in gray around 1890

๐Ÿ“‰ In parallel, if the green support zone is broken downward, expect further bearish movement till the 1730 demand zone.

Which scenario do you think is more likely to happen? and why?

๐Ÿ“š 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
www.RichTL.com

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