Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
As mentioned yesterday, ETH is approaching a strong support zone so we will be expecting the bulls to kick in around the blue circle zone as it is the intersection of two rejections.
on H1: Right Chart
For the bulls to take over short-term, we need a break above the last high in blue.
Meanwhile, ETH would be bearish and can still trade lower to test the 1600.0 support in red.
For now, we wait ⏱
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich