ETH - Trend-Following Buy Setup!

Ethereum broke its previous ATH. WHAT NEXT?

ETH is overall bullish trading inside the orange channel so we will be looking for Trend-Following Buy setups as it approaches our lower orange trendlines. Knowing that Ethereum can still trade higher aggressively from here, without us on board.

Moreover, the area 1450-1500 is a "Resistance turned into Support".

So the highlighted purple circle is a very strong area to look for buys setups as it is the intersection of a support, previous ATH and lower orange trendline.

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