Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart As per my last analysis, we know that ETH is approaching a strong rejection zone as it is the intersection of a horizontal support in green and lower trendlines in blue and red.
So we will be looking for buy setups on lower timeframes.
on H4: Right Chart 🏹 For the bulls to take over from a short-term perspective, we need a break above the previous major low in orange.
Meanwhile, ETH can still trade lower till the daily green support.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich