Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ After breaking above 1700, ETH has been stuck inside a range.
We will remain bullish as long as ETH doesn't break a previous major low that happens to be lining up with 1700
๐ If we break below 1700 expect a bearish correction to start till around 1550 support / demand.
๐น Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in red around 1860
In this case, a movement till the 2000 weekly resistance and round number would be expected.
Which scenario do you think is more likely to happen first? and why?
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
๐ After breaking above 1700, ETH has been stuck inside a range.
We will remain bullish as long as ETH doesn't break a previous major low that happens to be lining up with 1700
๐ If we break below 1700 expect a bearish correction to start till around 1550 support / demand.
๐น Meanwhile, we are still bullish and the bulls would take full control again by breaking above the current minor high in red around 1860
In this case, a movement till the 2000 weekly resistance and round number would be expected.
Which scenario do you think is more likely to happen first? and why?
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal