Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
ETH has been stuck inside a narrow range between 2200 and 2400.
📈 For the bulls to take over, we need a break above the 2420 structure marked in red.
In this case, a movement till the 2670 would be expected.
📉 In parallel, if the lower blue and trendline and the last major low at 2170 marked in green are broken downward, we will expecting further bearish movement till the 2000 support.
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
ETH has been stuck inside a narrow range between 2200 and 2400.
📈 For the bulls to take over, we need a break above the 2420 structure marked in red.
In this case, a movement till the 2670 would be expected.
📉 In parallel, if the lower blue and trendline and the last major low at 2170 marked in green are broken downward, we will expecting further bearish movement till the 2000 support.
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
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal