ETH - Trend-Following Setup Soon!

26 Jan 2021

Ethereum is overall bullish trading inside the orange channel so we will be looking for Trend-Following Buy setups.

We will be waiting for Ethereum to approach our lower orange trendline, to look for potential trend-following buy setups (with a good RRR ).

Knowing that Ethereum can still trade higher aggressively from here, without us on board. In this case, we will be looking for sell setups on lower timeframes as it approaches the blue zone and all-time-high. (Unless the price breaks it upward aggressively, then we will be looking for buy setups on its retest.)

As per my trading style:
I will be waiting for it to approach the lower trendline to look for possible buy setups (like a double bottom , 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