TheSignalyst

ETH - Wait For The Bulls ๐Ÿ†

Long
BITRUE:ETHUSDT   ETHEREUM/TETHER USDT
Hello TradingView Family / Fellow Traders,

ETH has been overall bullish trading inside the rising channel in blue, and it is currently in a correction phase retesting the lower bound / blue trendline.

Moreover, it is approaching a strong support zone 2150.0

๐Ÿน So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support and lower blue trendline acting as a non-horizontal support.

๐Ÿ“ˆ As per my trading style:
As ETHUSDT approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

๐Ÿ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

This analysis is done using RichTL
www.RichTL.com

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