Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
π ETH has been bearish trading within the falling channel pattern marked in orange.
Currently, ETH is approaching the lower bound of the channel.
Moreover, it is retesting a strong demand zone $3,100 - $3,200.
πΉ Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower orange trendline acting as a non-horizontal support.
π As per my trading style:
As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
π ETH has been bearish trading within the falling channel pattern marked in orange.
Currently, ETH is approaching the lower bound of the channel.
Moreover, it is retesting a strong demand zone $3,100 - $3,200.
πΉ Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower orange trendline acting as a non-horizontal support.
π As per my trading style:
As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
for 50% discount use coupon: BD2024
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
for 50% discount use coupon: BD2024
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal