TheSignalyst

ETH - Massive Bullish Impulse Soon ❗️

Long
TheSignalyst Updated   
KUCOIN:ETHUSDT   Ethereum / Tether
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“ˆ ETH has been overall bullish, trading above the red trendline which is acting as a non-horizontal support.

Currently, ETH is in a correction phase trading within the falling orange channel.

Moreover, it is retesting a strong demand in green at $2900 - $3000.

🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green demand and lower orange/red trendlines.

πŸ“š As per my trading style:
As #ETH approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Trade active
Trade closed: target reached

This analysis is done using RichTL
www.RichTL.com

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