Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
From a long-term perspective, ETH has been overall bullish trading inside the rising broadening wedge pattern just like BTC.
Lately, from a medium-term perspective, ETH got stuck inside 1750 support and 2000 resistance.
As per my trading style, here is my plan:
📉 1- Wait for ETH to approach the 1750 support to look buy setups
📈 2- Wait for ETH to break above 2000 (daily candle) then look for buy setups on its retest
📌 Meanwhile, as long as ETH is sitting midway it would be a no trade zone for me. So I will be waiting patiently!
Remember: Sometimes No Trade, is also a Trade.
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
From a long-term perspective, ETH has been overall bullish trading inside the rising broadening wedge pattern just like BTC.
Lately, from a medium-term perspective, ETH got stuck inside 1750 support and 2000 resistance.
As per my trading style, here is my plan:
📉 1- Wait for ETH to approach the 1750 support to look buy setups
📈 2- Wait for ETH to break above 2000 (daily candle) then look for buy setups on its retest
📌 Meanwhile, as long as ETH is sitting midway it would be a no trade zone for me. So I will be waiting patiently!
Remember: Sometimes No Trade, is also a Trade.
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
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal