Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After breaking below 1500 last week, ETH is now trading inside the falling wedge pattern in red.
🏹As mentioned previously, for the bulls to take over long-term, we need a break above 1700
Meanwhile, we will be bearish short-term, and 1500 is our next support.
If we break below 1500 again, we will be expecting a movement till 1350 zone.
In this case, as we approach 1350 support, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
After breaking below 1500 last week, ETH is now trading inside the falling wedge pattern in red.
🏹As mentioned previously, for the bulls to take over long-term, we need a break above 1700
Meanwhile, we will be bearish short-term, and 1500 is our next support.
If we break below 1500 again, we will be expecting a movement till 1350 zone.
In this case, as we approach 1350 support, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
