Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH is still hovering around the daily support 1650.0
📈 For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1708
📉 In parallel, if the blue support is broken downward with a momentum candle close, we will expect further bearish movement till the around the 1500 support to fill the wick!
For now, we wait ⏱
Which scenario do you think is more likely to happen? 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 this point I only see rise in correction phase but overall I expect ETH going down at least up to 1500. If BTC break 25k then we'll see ETH under 1500 for sure.
my support on BTC is still holding!