Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 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.
📚 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...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich