ETH - Critical Range ❗️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

DAILY: Left Chart
After breaking below the 1820 support, ETH traded lower in an aggressive manner to finally find support around 1650.

H4: Right Chart
ETH is now stuck inside a range.

📈 For the bulls to take over again, and reject the daily support, we need an H4 momentum candle close above the last high in green around 1705

📉 In parallel, if the red low is broken downward, expect further bearish movement till the around the 1500 support to fill the wick!

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